Cardamom futures remain up on surging demand

Extending its gaining run for the fourth straight day, cardamom prices rose further by 0.39 per cent to Rs 1,350 per kg in futures market today as traders engaged in widening their positions, tracking a firm trend at spot market on rising demand.
At the Multi Commodity Exchange, cardamom for delivery in December moved up by Rs 5.30, or 0.39 per cent, to Rs 1,350 per kg, in a business turnover of 22 lots.
Traders said increase in positions by participants following rising demand in the spot market mainly kept cardamom prices higher at futures trade.