Cardamom futures prices fell by Rs 4.70 to Rs 603.40 per kg today, as traders reduced their holdings on account of sluggish demand at the prevailing increased levels.
Sufficient stocks holdings in the physical market also influenced the prices of the spice.
At the Multi Commodity Exchange, cardamom for December contract declined by Rs 4.70, or 0.77%, to Rs 603.40 per kg, with a business turnover of 624 lots.
The spice for delivery in February month fell by Rs 3.50, or 0.52%, to Rs 658.20 per kg, with a trading volume of 46 lots, while January contract prices eased by Rs 3.20, or 0.49%, to Rs 637 per kg in of 250 lots.
Marketmen said, besides profit-taking by speculators at existing higher prices, fall in demand in spot market also put pressure on cardamom prices at futures market.
