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Cardamom prices fell by 2.16% to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.
Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16%, to Rs 670 per kg in business turnover of 88 lots.
Similarly, cardamom for delivery in August traded lower by Rs 2, or 0.27%, to Rs 752.20 per kg in 394 lots.
Market analysts said sluggish demand in the spot market against adequate stocks position on increased arrivals from producing regions mainly kept pressure on the cardamom prices at futures trade.
