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Cardamom prices rose 2.36% to Rs 724.40 per kg in futures trade today after traders and speculators created fresh positions in the commodity due to higher demand at the spot market on hopes of improved export demand.
The sentiment improved further on restricted supplies and increased demand also supported the uptrend.
On the Multi Commodity Exchange, cardamom for the January contract rose by Rs 16.70, or 2.36%, to Rs 724.40 per kg with a trading volume of 96 lots.
The spice for delivery in February higher by 0.50 paise, or 0.07%, to Rs 713.20 per kg, with a business volume of 534 lots.
Market analysts said rising spot and exporters demand against restricted arrivals from producing regions, mainly influenced cardamom prices at futures market.
