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Cardamom prices rose 1.44% to Rs 681.50 per kg in futures trade today as speculators created fresh positions amid a pick up in spot market demand against restricted arrivals from producing region.
At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 9.70, or 1.44%, to Rs 681.50 per kg in business turnover of 133 lots.
Similarly, the spice for delivery in December edged up by Rs 2, or 0.28%, to Rs 725.40 per kg in 301 lots.
Analysts said speculative positions created by participants, supported by pick up in demand in the spot market against restricted arrivals from producing belts mainly helped cardamom prices to gain at futures trade.
