Cardamom prices continued to rise by adding Rs 5.70 to Rs 673 per kg in futures trade today as speculators offloaded their positions on the back of limited stocks in the spot markets amid good domestic demand.
Shortage of quality produce from major producers increased demand from domestic and overseas buyers in the spot markets, encouraging speculators to enlarge their positions in futures trade, traders said.
At the Multi Commodity Exchange, cardamom for delivery in February rose by Rs 5.70, or 0.85%, to Rs 673 per kg, with a business volume of 486 lots.
The March contract rose by Rs 5.90, or 0.83%, to Rs 716.50 per kg, with a trading volume of 202 lots.
April cardamom gained Rs 5.50, or 0.73%, to Rs 756.50 per kg, with an open interest of 25 lots.
