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Cardamom prices drifted Rs 10.60 to Rs 766.10 per kg in futures trade today after speculators offloaded holdings due to subdued spot demand at prevailing increased levels.
At the Multi Commodity Exchange, cardamom for delivery in March declined by Rs 10.60, or 1.36%, to Rs 766.10 per kg in a business turnover of 128 lots.
Similarly, the spice for delivery in April traded lower by Rs 8.60, or 1.06%, to Rs 797.10 per kg with trading volume of 435 lots.
Market analysts said off-loading of positions by traders amid a weak spot market trend on subdued demand mainly led to a fall in cardamom futures prices.
Adequate stocks position in the physical market also influenced trading in cardamom prices, they said.
