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Cardamom prices rose by Rs 9.50 to Rs 724.40 per kg in futures trade today as speculators created fresh positions amid a rise in spot market demand against restricted arrivals.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 9.50, or 1.32%, to Rs 724.40 per kg in business turnover of 321 lots.
Similarly, the spice for delivery in December traded higher by Rs 2.40, or 0.32%, to Rs 751 per kg with a trade volume of 58 lots.
Marketmen said fresh positions created by speculators, driven by a rise in demand in the spot market against limited arrivals from producing belts mainly led to rise in cardamom prices at futures trade.
