Cardamom futures prices rose for the second straight day by adding Rs 20.10 to Rs 890 per kg today, as traders enlarged their positions, driven by rising demand in the spot market on account of festive season.
Restricted arrivals in the spot markets from producing regions in the physical market, too, influenced cardamom futures prices here.
At the Multi Commodity Exchange counter, cardamom for February delivery rose by Rs 20.10, or 2.31 per cent, to Rs 890 per kg, with a business turnover of just one lot.
Similarly, the spice for delivery in November moved up by Rs 10.70, or 1.18 per cent, to Rs 916.10 per kg, with a trade volume of just one lot.
Analysts attributed the rise in cardamom futures prices to rising demand in the spot market for the ongoing festive and marriage season against less arrivals.
