Cardamom prices rose further by Rs 7.20 to Rs 860.80 per kg in futures trade today on fall in supplies against increased buying by traders on rising in spot demand.
Also, restricted arrivals from the southern producing regions supported the uptrend.
In the Multi Commodity Exchange cardamom for delivery in June rose by Rs 7.20, or 0.84% to Rs 860.80 per kg, with a business volume of 85 lots.
The spice for delivery in July traded higher by Rs 7, or 0.79% to Rs 888 per kg, with a trading volume of 35 lots. Likewise, prices for August delivery surged by Rs 4.70, or 0.53% to Rs 898 per kg, with open interest of 20 lots.
Traders said rising demand in the spot market amid slow down in arrivals from southern producing regions mainly pushed up cardamom prices at futures market.
