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Cardamom prices rose by Rs 5 to Rs 779.30 per kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market amid lower arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 5, or 0.65%, to Rs 779.30 per kg in business turnover of 911 lots.
Likewise, cardamom for delivery in the August contract edged up by Rs 3.10, or 0.39%, to Rs 797 per kg in 247 lots.
Analysts said fresh positions created by speculators on the back of pick-up in demand in the spot market amid less arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
