Cardamom futures rise 2.89 pc on spot demand, low stocks

Cardamom prices rose by 2.89 per cent to Rs 1,129.90 per kg today in futures trade on pick-up in demand in spot markets amid low stocks.
At the Multi Commodity Exchange, cardamom for May delivery surged by Rs 31.80, or 2.89 per cent, to Rs 1,129.90 per kg in a business volume of 12 lots.
Spice prices for June contract rose by Rs 4.40, or 0.44 per cent, to Rs 1,001 per kg in a business volume of 638 lots.
Traders said a firming trend at the spot markets on the back of pick-up in demand led to the rise in cardamom prices in futures market.