Cardamom up 0.5% on spot demand

Spice for delivery in December increased by 0.49%

Cardamom prices were up by 0.53% to Rs 735 per kg in futures trade today after speculators built up positions supported by rising demand at spot markets.

Besides, tight stocks position in the spot market following lower arrivals from producing regions also influenced prices.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 3.90, or 0.53%, to Rs 735 per kg, with a business turnover of 12 lots.

The spice for delivery in December increased by Rs 3.60, or 0.49%, to Rs 737 per kg with a trading volume of 309 lots.

Traders said firm demand in the physical market against restricted arrivals from producing belts mainly influenced cardamom prices at futures trade.