Uptick in demand lifts cardamom futures by 2.99 pc

Cardamom prices shot up by 2.99 per cent, or Rs 32.70, to Rs 1,125 per kg in futures trading today as participants built up fresh positions.
Further, tight supplies from the major producing regions too supported the uptrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April contract went up by Rs 32.70, or 2.99 per cent, to Rs 1,125 per kg in a business turnover of 61 lots.
Likewise, the spice for delivery in the current month traded higher by Rs 32.30, or 2.96 per cent, to Rs 1,121 per kg with a trading volume of 94 lots.

Analysts said, fresh positions created by traders due to pick-up in demand in the spot market against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures trade.