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Cardamom remained weak for the second straight day and prices fell further by 0.80% to Rs 720.20 per kg in futures trading today as speculators trimmed their positions amid a lower trend at spot market.
At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 5.80, or 0.8%, to Rs 720.20 per kg in business turnover of 243 lots.
Similarly, the spice for delivery in November shed Rs 5.10, or 0.74%, to Rs 680 per kg in 101 lots.
Market analysts said trimming of position by speculators amid a lower trend at spot market due to sluggish demand against adequate supplies mainly kept pressure on cardamom prices at futures trade.
