 "Cardamom falls by 0.1% on weak demand")
Cardamom prices extended losses for third straight day by losing Rs 2.30 to Rs 758.60 per kg in futures trade today as speculators trimmed their positions, driven by weak demand in spot market.
Adequate stocks position in the physical market on increased arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 2.30, or 0.30% to Rs 758.60 per kg in business turnover of 146 lots.
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Likewise, the spice for delivery in October shed 70 paise, or 0.09% to Rs 791 per kg in 8 lots.
Market analysts said speculators trimmed their positions due to weak demand in the spot market against adequate stocks position, that mainly kept pressure on cardamom prices at futures trade.
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