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Cardamom prices surged 1.19% to Rs 785 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on strong demand against tight supplies from producing region.
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9.20, or 1.19% to Rs 785 per kg in business turnover of 21 lots.
Similarly, the spice for delivery in April moved up by Rs 6.20, or 0.75% to Rs 833.60 per kg in 524 lots.
Analysts said speculators enlarged positions, tracking a firm trend at spot market on strong demand against tight supplies from producing regions, leading to rise in cardamom prices at futures trade.
