Aided by a strong spot demand, cardamom prices surge by Rs 9.70 to Rs 782.50 per kg in futures trade today on increased buying by speculators.
Tight stocks position in the physical market followed by a fall in supply from the producing belts also influenced the cardamom prices in the futures market here.
At the Multi Commodity Exchange, October cardamom surged by Rs 9.70, or 1.25% to Rs 782.50 per kg, with a turnover of 142 lots.
The November contract gained by Rs 7.80, or 0.95% to Rs 827 per kg with a trading volume of 13 lots.
September month contract went up by Rs 7, or 0.98% to Rs 716.30 per kg with a business volume of 221 lots.
Market analysts said continued rise in cardamom futures prices is due to strong domestic and export demand amid low stocks on the back of restricted supply.