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Cardamom remained weak and prices fell further by 0.29% to Rs 758 per kg in futures trading today as speculators engaged in booking-profits amid a weak trend at spot market on sluggish demand.
Besides, adequate supplies from producing regions in the spot market also influenced cardamom.
At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 2.20, or 0.29%, to Rs 758 per kg in business turnover of 286 lots.
Similarly, the spice for delivery in September shed Rs 2.20, or 0.28%, to Rs 790 per kg in 36 lots.
Market analysts said besides profit-booking by speculators, sluggish demand in the spot market against adequate stocks position mainly kept pressure on cardamom prices at futures market here.
