Cardamom prices fell sharply by 4% to hit the daily lower limit of Rs 991.80 per kg in futures trade today as speculators engaged in booking profits amid a fall in demand in the spot market.
Increased arrivals from producing regions kept pressure on cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in August tumbled by Rs 41.30, or 4%, to hit lower circuit at Rs 991.80 per kg, with a business turnover of 120 lots.
It had lost 4% in yesterday's session.
Marketmen said continued profit-booking by speculators at prevailing higher levels and falling demand in the spot market against increased arrivals from producing belts kept pressure on the cardamom prices at futures trade.
