Cardamom up by 1.3% on rising demand

Cardamom prices gained 1.26% to Rs 722.90 per kg in futures trading today as speculators enlarged positions amid rising demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9, or 1.26%, to Rs 722.90 per kg, in a business turnover of 192 lots.

However, the spice for delivery in April shed Rs 8.60, or 1.17%, to Rs 739.90 per kg in 22 lots.

Analysts said fresh positions built up by speculators on the back of rise in demand in the spot market against restricted arrivals from growing regions, mainly influenced cardamom prices at futures trade.