Spot demand lifts cardamom futures by 1.53%

Cardamom prices were up by 1.53 per cent at Rs 1,492.50 per kg in futures trade today as speculators built up fresh position, tracking a firm trend at the domestic spot market.
Besides, restricted arrivals from the major cardamom producing regions too fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in February zoomed by Rs 22.50, or 1.53 per cent, to Rs 1,492.50 per kg with trading volume of 56 lots.
Similarly, spice for delivery in this month rose by Rs 6.80, or 0.48 per cent, to Rs 1,414 per kg in 15 lots.
Traders said fresh positions created by participants, driven by surge in demand at the spot market against restricted supplies from producing regions mainly kept cardamom prices higher at futures trade.