Supported by strong demand in the spot market, cardamom prices surged by Rs 11.30, or 1.14%, to Rs 997 per kg in futures trade today as speculators increased their positions.
Tight stock availability in the physical market amid fall in supplies from producing belts influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for October delivery shot up by Rs 11.30, or 1.14%, to Rs 997 per kg, with a turnover of 634 lots.
November cardamom gained Rs 6.20, or 0.62%, to Rs 1,004 per kg, with a trading volume of 83 lots.
Marketmen said the rise in cardamom futures prices was backed by strong domestic and export demand and low stocks position.