Cardamom extended gains in futures trading today and its prices moved up by Rs 16.30 to Rs 885 per kg as traders enlarged their commitments, triggered by pick-up in strong export and domestic demand.
Low arrivals from producing regions in the spot market too influenced the cardamom prices at futures market here.
At the Multi Commodity Exchange, cardamom for delivery in August gained Rs 16.30, or 1.87% to Rs 885 per kg, with a business volume of 49 lots.
The June contract was up Rs 12.20, or 1.44% to Rs 859 per kg, with trade volume of 219 lots.
July cardamom rose by Rs 11.40, or 1.31% to Rs 879.90 per kg, with an open interest 209 lots. Market analysts said apart from good demand, short-covering by speculators also attributed to the rise in cardamom prices at futures market.
