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Cardamom prices surged 2.35% to Rs 945.20 per kg in futures trade today as speculators created positions amid strong demand in the spot markets supported by festive season.
At the Multi Commodity Exchange, cardamom for delivery in far-month October shot up by Rs 21.70, or 2.35% to Rs 945.20 per kg in business turnover of 62 lots.
In a similar fashion, the spice for delivery in September contract gained Rs 13.80, or 1.48% to Rs 944 per kg in 243 lots.
Market analysts said fresh positions created by speculators driven by rising demand in the spot markets in view of festive season mainly led to the rise in cardamom prices at futures trade.
