 "Cardamom climbs by 2.1% on spot demand")
Cardamom prices spurted by 2.13% to Rs 823.20 per kg in futures trade today as speculators indulged in creating fresh positions amid a firm trend at spot market on strong demand.
At the Multi Commodity Exchange, cardamom for delivery in December shot up by Rs 17.20, or 2.13%, to Rs 823.20 per kg in a business turnover of 614 lots.
Similarly, the spice for delivery in January next year moved up by Rs 4.60, or 0.54%, to Rs 862 per kg in 291 lots.
Analysts said besides strong demand in the spot market, restricted arrivals from producing regions led to the rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in December shot up by Rs 17.20, or 2.13%, to Rs 823.20 per kg in a business turnover of 614 lots.
Similarly, the spice for delivery in January next year moved up by Rs 4.60, or 0.54%, to Rs 862 per kg in 291 lots.
Analysts said besides strong demand in the spot market, restricted arrivals from producing regions led to the rise in cardamom prices at futures trade.