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Continued its rising streak for the third straight day, cardamom prices rose by another 0.48% to Rs 693.20 per kg in futures trade today as speculators enlarged positions driven by rising demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in January added Rs 3.30, or 0.48% to Rs 693.20 per kg in business turnover of 145 lots.
On the similar lines, the spice for delivery in February edged up by 90 paise, or 0.13% to Rs 707.90 per kg in 42 lots.
Analysts said speculators enlarged their positions, supported by rising demand in the spot market against tight supplies from producing regions, mainly kept cardamom prices higher for the third day at futures trade.
