Cardamom futures rise 1.19 pc

Cardamom prices today rose by Rs 13.30 or 1.19 per cent to Rs 1,129 per kg in futures market as speculators engaged in enlarging their positions, taking positive cues from spot market on rising domestic and exports demand.
Besides, restricted supplies from producing regions also fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 13.30 or 1.19 per cent to Rs 1,129 per kg in a business turnover of 26 lots.
Similarly, spice for delivery in October gained Rs 12.40 or 1.10 per cent to Rs 1,140 per kg with a trading volume of 26 lots.

Market analysts said besides rise in demand in the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher in futures trade.