Cardamom futures gain on spot demand

Cardamom prices were trading higher by 0.83 per cent at Rs 1,475 per kg in futures trade today as speculators enlarged their positions amid an upsurge in physical demand in the domestic spot market.
Furthermore, tight supplies from major producing regions also supported the upside in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in February climbed Rs 12.10, or 0.83 per cent, to Rs 1,475 per kg with trading volume of 180 lots.
Similarly, spice for delivery in this month shot up by Rs 9.40, or 0.67 per cent, to Rs 1,411.30 per kg in 188 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.