Cardamom futures plunged by 2.06 per cent to Rs 646.50 per kg in futures trade today as traders locked-in gains at prevailing higher levels amid muted demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in March month fell by Rs 13.60 or 2.06 per cent to Rs 646.50 per kg in business turnover of 284 lots.
Similarly, the spice for delivery in April contracts traded lower by Rs 8.50 or 1.21 per cent to Rs 691.20 per kg in 96 lots.
Analysts said besides profit-taking by participants at existing level, easing demand in spot market against adequate stocks position mainly pulled down cardamom prices at futures trade.
