Cardamom prices remained up and added Rs 10.50 to Rs 865 per kg in futures trade today on increased buying by traders in the view of rising spot market demand ahead of the festive season.
Restricted arrivals from southern producing regions also supported the uptrend.
On the Multi Commodity Exchange, cardamom for October delivery rose by Rs 10.50, or 1.22 per cent, to Rs 865 per kg, with a trading volume of 21 lots.
The spice for September delivery traded higher by Rs 8.10, or 0.99%, to Rs 819.80 per kg, with a business volume of 151 lots. Likewise, for August delivery, the prices moved up by Rs 4.30, or 0.57%, to Rs 741 per kg, with an open interest of 40 lots.
Traders said rising demand in the spot markets ahead of the festive season against restricted arrivals from southern producing regions mainly pushed up cardamom prices at futures market.
