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Cardamom prices fell further by 2.99% to Rs 621.40 per kg in futures trade today as speculators engaged in booking profits at prevailing levels amid subdued demand in the spot market.
Increased arrivals from the producing regions also put pressure on the cardamom prices in futures trade.
At the Multi Commodity Exchange, cardamom for delivery in October declined by Rs 19.20, or 2.99%, to Rs 621.40 per kg, with a business turnover of 173 lots.
Likewise, the spice for delivery in November declined by Rs 4.90, or 0.66%, to Rs 737.30 per kg, with a trading volume of 620 lots.
Market analysts said besides profit-booking by speculators, subdued demand in the spot market against adequate stocks position also kept pressure on the cardamom prices at futures trade.
