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Cardamom prices plunged by 3.99% to Rs 776.50 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in September month plunged by Rs 32.30, or 3.99% to Rs 776.50 per kg in business turnover of 331 lots.
In a similar fashion, the spice for delivery in October contracts fell by Rs 33.10, or 3.98% to Rs 799.50 per kg in 351 lots.
However, spice for delivery in August contract traded higher by Rs 8.20, or 0.96% to Rs 860 per kg in 33 lots.
Market analysts said besides profit-booking by speculators at prevailing higher levels, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade.
