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Cardamom prices rose by Rs 2.70 to Rs 758.70 per kg in futures trade today as speculators indulged in creating fresh positions, supported by a rise in demand in the spot market against restricted arrivals from producing belts.
At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 2.70, or 0.36 per cent, to Rs 758.70 per kg in business turnover of 1147 lots.
Analysts said fresh positions built by speculators on the back of a rise in demand in the spot market against restricted arrivals from producing belts mainly influenced cardamom prices at futures trade.
