Cardamom futures gain 0.83% on firm demand

Cardamom futures traded higher by 0.83 per cent to Rs 831.70 per kg today as participants widened positions, tracking a firming trend in domestic spot markets.
Furthermore, tight stocks in the physical market following restricted arrivals from producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for September contracts rose Rs 6.90, or 0.83 per cent, to Rs 831.70 per kg, with a trading volume of 49 lots.
The spice for delivery in October was trading up by Rs 5.70, or 0.67 per cent, to Rs 848 per kg, with a business volume of 116 lots.
Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.