Spot demand lifts cardamom futures by 1.34%

Amid upsurge in spot demand against restricted supplies from producing regions, cardamom prices went up by 1.34 per cent to Rs 1,153 per kg in futures trade today as speculators built up fresh positions.
At the Multi Commodity Exchange, cardamom for delivery in October rose by Rs 15.20, or 1.34 per cent to Rs 1,153 per kg in business turnover of 27 lots.
Likewise, the spice for delivery in September contracts traded higher by Rs 13.60, or 1.16 per cent to Rs 1,184 per quintal in 20 lots.
Market analysts said fresh positions created by traders due to pick up in demand in the spot market against restricted supplies from producing belts, mainly led to rise in cardamom prices at futures trade.