Cardamom futures prices today extended initial losses and dropped further to hit lower circuit, with prices falling by 4% to Rs 1,431 per kg as speculators booked profits at prevailing higher levels amid sluggish demand.
Adequate stocks position in the physical market following increased arrivals from producing regions put pressure on cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in August fell further by Rs 59.60, or 4%, to Rs 1,431 per kg in business turnover of 3,172 lots.
September cardamom lost Rs 49.50, or 3.59%, to Rs 1329.70 per kg in 948 lots.
"Emergence of profit-booking after recent gains and fall in demand at current prices, pulled down cardamom prices at futures trade," said an analyst.
