Cardamom futures up on 2.83% on fresh spot demand

Cardamom futures prices rose by Rs 31.40 to Rs 1,139.30 per kg today due to rising demand in the spot market owing to the ongoing marriage season.

Restricted arrivals from producing regions also supported the rise in futures prices.

At the Multi Commodity Exchange counter, cardamom for February delivery rose by Rs 31.40 or 2.83 per cent to Rs 1,139.30 per kg, while December delivery surged by Rs 28.10, or 2.53 per cent to Rs 1,139.90 per kg.

The spice for delivery in January gained Rs 26.70, or 2.41 per cent to Rs 1,135 per kg.  

Traders said pick up in demand in the spot market due to the ongoing marriage season, mainly attributed to the rise in cardamom futures prices.

They said, restricted arrivals from southern region also supported the uptrend in prices.