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Cardamom prices fell by 0.80% to Rs 937 per kg in futures trade today as speculators locked-in gains at prevailing higher levels amidst decline in demand in spot market.
Besides, adequate stocks position in the physical market due to increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in October fell by Rs 7.60, or 0.80%, to Rs 937 per kg in a business turnover of 191 lots.
Similarly, the spice for delivery in September traded lower by Rs 3.10, or 0.33%, to Rs 932 per kg in 14 lots.
Market analysts said besides profit-booking by speculators at existing levels, decline in demand in the spot market against adequate stocks position pulled down cardamom prices at futures trade.
