Cardamom futures up 2% on strong spot demand

Cardamom futures prices rose further by Rs 30.20  to Rs 1,420 per kg today, mostly supported by strong demand at spot markets.

Tight stocks, following restricted arrivals in the physical market also supported the upside in cardamom  futures prices here.

At the Multi Commodity Exchange counter, cardamom for March month contract surged by Rs 30.20, or 2.17 per cent to Rs 1,420 per kg, with a turnover of 87 lots, while January delivery rose by Rs 23.10, or 1.75 per cent to Rs 1,336.90 per kg, with an open interest of 433 lots.

Similarly, the delivery in February contract also inched up by Rs 19.30, or 1.41 per cent to Rs 1,384.70 per kg, with a business volume of 115 lots.