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Cardamom futures succumb to profit-booking, down 2.56%

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Core Tip:Cardamom prices tumbled 2.56 per cent to Rs 620 per kg in futures trading today after speculators locked-in gains at prevailing higher levels.
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Cardamom prices tumbled 2.56 per cent to Rs 620 per kg in futures trading today after speculators locked-in gains at prevailing higher levels.

Furthermore, weak demand in the spot markets too weighed on prices.

At the Multi Commodity Exchange, cardamom for delivery in November plunged by Rs 16.30, or 2.56 per cent, to Rs 620 per kg in a business turnover of 2 lots.

Similarly, the spice for delivery in December weakened by Re 1, or 0.13 per cent, to Rs 758 per kg in 43 lots.

Marketmen attributed fall in cardamom at futures market to profit-booking by traders at existing levels amid easing demand in the spot market.
 

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