Supported by strong spot demand in physical markets, cardamom prices went up by Rs 66.10, or 4 per cent to hit the upper circuit at Rs 1,717.50 per kg in futures trade today.
Tight stocks in spot markets followed by restricted supply from the producing belts also influenced the cardamom prices at futures market here.
At the Multi Commodity Exchange counter, cardamom for current-month June contract surged by Rs 66.10 or 4 per cent to trade at upper limit of Rs 1,717.50 per kg, with a turnover of 1,028 lots.
Similarly, the delivery in July, August and September contract also spurted by four per cent to hit the upper limit at Rs 1,552.60, Rs 1,506.20 and Rs 1,442.80 per kg, respectively.
Market analysts said continued rise in cardamom futures prices was due to strong demand in physical markets amid low stocks followed by restricted supply.
