Cardamom futures prices spurted four per cent to hit the daily upper limit in futures trade today, as traders enlarged their positions, driven by strong exports and domestic demand.
Less arrivals from the producing regions in spot markets also influenced the cardamom prices at futures market here.
At the Multi Commodity Exchange counter, cardamom for July-month contract surged by Rs 67.40, or 4 per cent, to Rs 1,751.90 per kg, with an open interest of 1,383 lots.
Similarly, the spice for delivery in August contract spurted by Rs 612.90, or 4 per cent to Rs 1,635.10 per kg, with a business turnover of 1,007 lots.
Marketmen said apart from strong demand against limited arrivals in physical markets helped cardamom prices to hit the upper limit at futures trade here.