Cardamom rises 0.53% on spot demand

Cardamom prices rose 0.53% to Rs 808.90 per kg in futures trade today as speculators created fresh positions on firm spot market demand.

Further, restricted arrivals from producing regions also supported the uptrend.

At the Multi Commodity Exchange, April delivery rose Rs 4.30, or 0.53%, to Rs 808.90 per kg, with a business turnover of 61 lots.

The March spice jumped Rs 4.10, or 0.52%, to Rs 402 per kg, with trading volume of 402 lots.

Traders said rising demand in the spot market against less arrivals from producing regions mainly led to an upsurge in cardamom futures prices.