Cardamom futures prices rose by Rs 34.10, or 3 per cent, to Rs 1,171.50 per kg today, after speculators enlarged positions, driven by pick up in demand in the spot market for the ongoing marriage season.
Restricted arrivals from producing regions also supported the rise in prices.
At the Multi Commodity Exchange, cardamom for May contract rose by Rs 34.10, or 3 per cent, to Rs 1,171.50 per kg, with a trading volume of five lots, while April delivery surged by Rs 33.90, or three per cent, to Rs 1,163.80 per kg, with a business turnover of 15 lots.
The spice for March contract gained Rs 33, or 3 per cent, to Rs 1,132 per kg, with a trade volume of 45 lots.
Traders said pick up in demand in the spot market, triggered by the ongoing marriage season, mainly supported the rise in cardamom prices at futures market.
They said, restricted arrivals from southern region too supported the uptrend in prices.
