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Cardamom prices fell 1.15 per cent to Rs 974.20 per kg in futures trading today after speculators locked-in gains at prevailing higher levels amid subdued demand in the spot market.
Besides, adequate stocks in the physical market following increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in September plunged by Rs 11.30, or 1.15 per cent, to Rs 974.20 per kg in a business turnover of 761 lots.
The October contract traded lower by Rs 8.10, or 0.84 per cent, to Rs 953 per kg in 129 lots.
Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.
