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Cardamom prices extended gains for the fourth-straight day by adding 0.54% to Rs 759.60 per kg in futures trade today as speculators enlarged their positions supported by rising demand in the spot market.
Tight stocks availability in the physical market due to less arrivals from producing region further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in February gained Rs 4.10,or 0.54% to Rs 759.60 per kg in business turnover of 12 lots.
In a similar fashion, the spice for delivery in March traded higher by Rs 2.80, or 0.35% to Rs 807.80 per kg in 130 lots.
Market analysts said besides rising demand in the spot market against restricted arrivals from producing regions mainly kept cardamom futures higher for the fourth-day.
