 "Cardamom rises 1.34% on spot demand")
Cardamom surged 1.34 per cent to Rs 829 per kg in futures market today after speculators enlarged positions supported by rising spot market demand.
Strong demand at the spot market against restricted arrivals also supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in October rose Rs 11, or 1.34 per cent, to Rs 829 per kg in a business turnover of 55 lots.
Market analysts said besides rise in demand at the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher in futures trade.
Strong demand at the spot market against restricted arrivals also supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in October rose Rs 11, or 1.34 per cent, to Rs 829 per kg in a business turnover of 55 lots.
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The September contract gained Rs 7.50, or 0.93 per cent, to Rs 810.90 per kg in 98 lots.
Market analysts said besides rise in demand at the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher in futures trade.