Cardamom futures prices today rose for the second straight day by adding Rs 3.50 to Rs 585 per kg, as speculators enlarged their positions, driven by pick-up in spot demand.
Less arrivals from producing regions further fuelled the uptrend in cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in January added Rs 3.50, or 0.60%, to Rs 585 per kg in business turnover of 94 lots.
Likewise, the spice for delivery in February traded higher by 90 paise, or 0.15%, to Rs 615.70 per kg in 313 lots.
Market analysts said increased buying by speculators, following pick-up in demand in the spot market amid less arrivals from producing region mainly led to the rise in cardamom prices at futures trade.
