 "Cardamom rises at 0.5% as demand picks up")
Cardamom prices rose by Rs 3.40 to Rs 750 per kg in futures trade today as speculators created fresh positions on the back of pick up in demand in the spot market.
Besides, tight stocks positions in the physical market on less arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August rose by Rs 3.40, or 0.46%, to Rs 750 per kg in business turnover of 135 lots.
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Similarly, the spice for delivery in September traded higher by Rs 3.20, or 0.36%, to Rs 778.50 per kg in 26 lots.
Market analysts said fresh positions created by speculators following pick up in demand in the spot market against restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.