Cardamom up 0.6% on rising demand

Spice for delivery in June contract edged up by 0.13%

Amid rising spot demand, cardamom prices rose 0.64% to Rs 1,067 per kg in futures trade today as speculators enlarged positions.

Besides, restricted arrivals from growing regions influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in May moved up by Rs 6.80, or 0.64% to Rs 1,067 per kg in business turnover of 2 lots.

Likewise, the spice for delivery in June contract edged up by Rs 1.30, or 0.13% to Rs 1,006 per kg in 197 lots.

Analysts said besides some export enquiries, good demand in spot markets attributed rise in cardamom prices at futures trade.