Cardamom prices rose by Rs 5.50 to Rs 1005.50 per kg in futures market today as speculators created fresh positions, driven by rising demand in spot market against lower arrivals from producing belts.
At the Multi Commodity Exchange, January cardamom rose by Rs 5.50, or 0.55% to Rs 1005.50 per kg in business turnover of 345 lots.
The February contract edged up by 60 paise, or 0.06% to Rs 1044.90 per kg in 80 lots.
Market experts said fresh positions created by speculators, driven by a rise in demand in the spot market amid lower arrivals from producing belts mainly helped cardamom prices to trade higher at futures trade.
