Cardamom gains 1.40% as demand improves

Cardamom prices rose by Rs 14.60 to Rs 1,060 per kg in futures trade today after speculators enlarged their positions supported by good buying in the spot markets.

On the Multi Commodity Exchange, cardamom for the January contract rose by Rs 14.60, or 1.40 %, to Rs 1,060 per kg, with a trading volume of 771 lots.

The February contract moved up by Rs 7.50, or 0.69%, to Rs 1,090 per kg, with a business volume of 168 lots.

Traders said rising export and spot demand against restricted arrivals from producing regions, influenced cardamom prices at futures market.