Cardamom futures gain 2.39% on firm spot demand

Cardamom prices were trading up by 2.39 per cent to Rs 1,067 per kg in futures trade today as speculators enlarged their positions amid an upsurge in physical demand in the domestic spot market.
Further, tight supplies from major producing regions also supported the upside in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June month contract rose by Rs 24.90, or 2.39 per cent, to Rs 1,067 per kg with trading volume of 102 lots.
Similarly, spice for delivery this month contract increased by Rs 12.90, or 1.03 per cent, to Rs 1,256.40 per kg in 66 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.