Cardamom futures recover 0.37 pc as demand picks up

Amid pick-up in domestic demand and restricted supplies from producing regions, cardamom prices rebounded 0.37 per cent to Rs 779.90 per kg in futures trade today.
At Multi Commodity Exchange, cardamom for delivery in December rose Rs 2.90, or 0.37 per cent, to Rs 779.90 per kg in a business turnover of 50 lots.
Similarly, the spice for delivery in November contracts moved up by Rs 1.40, or 0.19 per cent, to Rs 751.30 per kg in 76 lots.
Market analysts said besides pick-up in demand in the spot market, fall in supplies from producing belts mainly led to rise in cardamom prices in futures trade.

Furthermore, some exports enquiries supported the upside, they said.