Cardamom futures prices today gained for the second straight day by adding Rs 9.50 to Rs 1277.50 per kg as speculators enlarged their positions, tracking a firming trend at spot market.
Restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August gained Rs 9.50, or 0.75%, to Rs 1,277.50 per kg in business turnover of 1,268 lots. The commodity had gained 1.10% in the previous session.
The July contract edged up by Rs 6.90, or 0.53%, to Rs 1,350.10 per kg in 145 lots.
Market analysts said increased buying by speculators on the back of rising demand in the spot market against limited arrivals from producing belts, mainly pushed up cardamom futures prices.
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