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Continued its losing streak for the fourth straight day, cardamom prices fell by another 0.50% to Rs 881.30 per kg in futures trading today as speculators trimmed positions, tracking a weak trend at spot market on easing demand.
Adequate stocks position in the physical market on higher supplies from producing belt further fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in far-month February moved down by Rs 4.30, or 0.50% to Rs 881.30 per kg in business turnover of 8 lots.
In a similar fashion, the spice for delivery in January contract weakened by Rs 2.50, or 0.29% to Rs 864.50 per kg in 240 lots.
Analysts said besides easing demand in the spot market, adequate stocks position on increased supplies from producing belts kept pressure on cardamom prices at futures trade.
