Cardamom prices gained 0.23% to Rs 741.40 per kg in futures market today as speculators enlarged their positions, tracking a firm trend at spot market on strong demand.
Besides, tight stocks position following less arrivals from producing regions fuelled the uptrend.
At the Multi Commodity Exchange, March delivery rose by Rs 1.70, or 0.23%, to Rs 741.40 per kg in business turnover of 31 lots.
Likewise, the February spice edged up by Re one, or 0.14%, to Rs 710.10 per kg in 145 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on strong demand against tight supplies from producing regions that helped cardamom prices to trade higher at futures trade.
