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Cardamom prices declined by Rs 5 to Rs 1,068.50 a kg in futures trade today as speculators booked profits amid sluggish demand at the spot market.
At the Multi Commodity Exchange, cardamom for delivery in March declined by Rs 5 or 0.47 per cent to Rs 1,068.50 a kg, with a business turnover of just one lot.
Likewise, the spice for delivery in April shed Rs 2.80 or 0.25 per cent to Rs 1,124.40 a kg, with an open interest of a single lot.
Market analysts said profit taking by speculators at existing higher prices amid sluggish spot demand led to the fall in cardamom futures prices.
Adequate stocks in the physical markets following increased arrivals from the producing regions also put pressure on cardamom futures prices, they added.
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