Supported by strong demand in the spot market, cardamom prices rose by Rs 7.60 to Rs 825.90 per kg in futures trade today as speculators enlarged their positions.
Tight stocks availability in the physical market following a fall in supply from producing belts also influenced cardamom prices in the futures market here.
At the Multi Commodity Exchange counter, November cardamom delivery rose by Rs 7.60, or 0.92%, to Rs 825.90 per kg, with a turnover of 113 lots.
The December contract edged up by Rs 5.60, or 0.64%, to Rs 870.50 per kg, with a trading volume of 54 lots, while October contract cardamom gained Rs 4.80, or 0.62%, to Rs 774.80 per kg, with a business volume of 492 lots.
Market analysts said the continued rise in cardamom futures prices was due to strong demand in the physical market amid low stock availability amid restricted supply.
