Cardamom rises by 2.5% on rising spot demand

Cardamom prices rose 2.55% to Rs 824 per kg in futures trade today as speculators enlarged positions amid pick-up in domestic as well as export demand.

At the Multi Commodity Exchange, cardamom for delivery in April gained Rs 20.50, or 2.55%, to Rs 824 per kg in a business turnover of 4 lots.

Similarly, the spice for delivery in May edged higher by Re one, or 0.12%, to Rs 856.10 per kg in 140 lots.

Analysts said besides rising demand in the spot market, restricted arrivals from producing belts mainly kept cardamom prices higher at futures trade.