Cardamom rose by Rs 1.20 to Rs 679.60 per kg in futures trade today as speculators enlarged their positions, supported by pick-up in spot market demand.
Tight stocks position in the physical market due to less arrivals from producing region further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in March added Rs 1.20, or 0.18%, to Rs 679.60 per kg, with a business turnover of 198 lots.
Similarly, the spice for delivery in February traded marginally higher by 80 paise, or 0.12%, to Rs 642.10 per kg, with an open interest of 463 lots.
Market analysts said increased buying by speculators on the back of pick-up in spot market demand against less arrivals from producing region mainly led to the rise in cardamom futures prices.
