Cardamom prices fell sharply by 4 per cent to hit the lower limit at Rs 1,076.30 per kg in futures trade today as speculators reduced their positions amid poor demand in the spot market.
Increased arrivals from producing regions also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for September month delivery plunged by Rs 44.90, or 4 per cent, to hit the lower limit at Rs 1,076.30 per kg, with an open interest of 768 lots.
Similarly, the spice for October contract delivery fell by Rs 28.20, or 2.67 per cent, to Rs 1,027 per kg in 1,594 lots.
Analysts said a weak trend in the spot market on poor demand amid increased supplies led to the fall in cardamom futures.
