Cardamom futures gain 1.43% on rise in spot demand

Cardamom prices were trading up by 1.43 per cent to Rs 995 per kg in futures trade today as speculators enlarged their positions amid an upsurge in physical demand in the domestic spot markets.
Further, tight supplies from major producing regions also supported the upside in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July contract rose by Rs 14.10, or 1.43 per cent, to Rs 995 per kg with trading volume of 26 lots.
Traders said, widening of positions by participants, driven by surge in demand at the spot market against restricted supplies from producing regions, mainly kept cardamom prices higher at futures trade.