Cardamom prices fell by Rs 5.40 to Rs 674 per kg in futures trade today, as speculators reduced their holdings on account of the sluggish demand at the prevailing higher levels.
Moreover, the sufficient stocks holdings in the physical market also influenced the prices of the spice.
At the Multi Commodity Exchange, January cardamom declined by Rs 5.40, or 0.79%, to Rs 674 per kg, with a business turnover of 98 lots.
The December delivery fell by Rs 5.20, or 0.78%, to Rs 651.10 per kg, with a trading volume of 311 lots, while February contract prices eased by Rs 4.70, or 0.67%, to Rs 690 per kg, clocking a business volume of 33 lots.
Traders said, besides profit taking by speculators at existing higher prices, fall in demand in spot market also put pressure on cardamom futures trade.
