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Extending gains for the third- straight day, cardamom prices rose by another 1.83% to Rs 1,020 per kg in futures trading today as speculators enlarged positions following increased demand amid a firming trend at producing belts.
At the Multi Commodity Exchange, cardamom for delivery in May shot up by Rs 18.30, or 1.83% to Rs 1,020 per kg in business turnover of 36 lots.
Similarly, the spice for delivery in June contracts moved up by Rs 11.90, or 1.23% to Rs 978 per kg in 482 lots.
Analysts said apart from increased domestic and export demand in the spot market, reports of a firming trend at growing regions, mainly influenced cardamom prices at futures trade.
