Cardamom futures prices maintained an upward march, gaining Rs 10.40 to Rs 767.70 per kg today on rising in spot demand against thin arrivals.
On the Multi Commodity Exchange, October cardamom surged by Rs 10.40, or 1.37%, to Rs 767.70 per kg, with a business volume of 161 lots.
The November contract rose by Rs 10.30, or 1.27%, to Rs 821 per kg, with a trading volume of 24 lots, while September contract also inched up by Rs 4.70, or 0.68%, to Rs 694.80 per kg, with a business turnover of 395 lots.
Traders said rising demand in spot market against restricted supply from producing regions, mainly led to the upsurge in cardamom futures prices.
They said reports of tight stocks position due to restricted arrivals from producing centres such as Gangtok and Siliguri, against rise in export demand, pushed up cardamom prices in futures trade.