Cardamom prices tumbled 3 per cent to Rs 818.50 per kg in futures market today as speculators booked profits at prevailing levels amid easing demand at the spot market.
Reports of bumper output in the producing belts of Kerala and increased arrivals too weighed on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery this month contract declined by Rs 25.20, or 3 per cent, to Rs 818.50 per kg, in a business turnover of just one lot.
The spice for delivery in July month contract was trading down by Rs 6.70, or 0.76 per cent, to Rs 877 per kg, with a trading volume of 3 lots.
Traders said offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing regions mainly led to the decline in cardamom prices at futures trade.
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