Cardamom up by 1.2% on spot demand

Cardamom prices rose by 1.25% to Rs 767.80 per kg in futures trade today as speculators enlarged their positions on the back of rising demand in spot market.

     

Further, restricted supplies from growing areas also supported the upside in cardamom prices at futures trade.

 

At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 9.50, or 1.25%, to Rs 767.80 per kg, with a business turnover of 405 lots.

 

Similarly, the spice for delivery in October edged up by Rs 7, or 0.88%, to Rs 797 per kg in 33 lots.

 

Traders said rising demand in spot market on account of strong domestic and export demand against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures market.