Cardamom prices rose further by Rs 7 to Rs 1,143.70 per kg in futures trade today, extending yesterday's gains as speculators enlarged their positions, supported by pick up in demand in the spot market.
Tight stocks availability in the physical markets due to restricted arrivals from producing regions further fuelled the uptrend in cardamom prices at futures trade.
At the Multi Commodity Exchange, the April cardamom gained Rs 7, or 0.62% to Rs 1,143.70 per kg in business turnover of 138 lots.
The May spice edged up by Rs 7.30, or 0.57% to Rs 1,283.10 per kg in 56 lots.
Analysts said apart from pick up in demand in the spot market, fall in supplies from producing belts, mainly influenced cardamom futures prices.
