Cardamom futures prices today fell by Rs 19.60 to Rs 1,471 per kg as speculators reduced their positions, tracking a weak trend at the spot market on sluggish demand at prevailing higher levels.
Adequate stocks position in the physical market following increased arrivals from producing belts also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 19.60, or 1.31%, to Rs 1471 per kg in a business turnover of 235 lots.
September cardamom declined by Rs 15.90, or 1.15%, to Rs 1,363.30 per kg in 99 lots.
Market analysts said speculators reduced their positions tracking a weak trend at the spot market on sluggish demand at prevailing higher levels, pulling down cardamom prices at futures trade.
