 "Cardamom up 1.2% on spot demand")
Cardamom prices rose 1.23% to Rs 896 per kg in futures trade today as speculators created fresh positions, driven by pick-up in demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 10.90, or 1.123%, to Rs 896 per kg in business turnover of 204 lots.
Likewise, the spice for delivery in April gained Rs 10.10, or 1.17%, to Rs 874.80 per kg in 585 lots.
Analysts said fresh positions built-up by speculators on the back of pick up in demand in the spot market against restricted arrivals from growing regions, mainly led to rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 10.90, or 1.123%, to Rs 896 per kg in business turnover of 204 lots.
Likewise, the spice for delivery in April gained Rs 10.10, or 1.17%, to Rs 874.80 per kg in 585 lots.
Analysts said fresh positions built-up by speculators on the back of pick up in demand in the spot market against restricted arrivals from growing regions, mainly led to rise in cardamom prices at futures trade.