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Cardamom prices slide by 0.70% to Rs 726.50 per kg in futures trade today as speculators booked profits at prevailing higher levels driven by sluggish demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 5.10, or 0.70%, to Rs 726.50 per kg in business turnover of 117 lots.
Similarly, cardamom for delivery in August traded lower by Rs 2.80, or 0.36%, to Rs 767 per kg in 453 lots.
Market analysts said profit-bookings by speculators at prevailing higher levels, driven by sluggish demand in the spot market against adequate stocks position mainly kept pressure on cardamom prices at futures trade.
