Cardamom prices rose further by 2.94 per cent to Rs 1,129 per kg in futures trade today on frantic buying by stockists and retailers due to increased demand from domestic and export markets.
Besides, reports of damage to standing crops and anticipation of delay in supplies of the fresh crops amid heavy monsoon also fuelled the upward momentum.
At the Multi Commodity Exchange, cardamom for delivery in August was trading higher by Rs 32.20, or 2.94 per cent, at Rs 1,129 per kg in a business turnover of 144 lots.
The September contract of the spice was trading higher by Rs 20.50, or 1.90 per cent, to Rs 1,100 per kg with trading volume of 9 lots.
Analysts said fresh positions created by traders backed by reports of damage to standing crops and a likely delay in supplies of fresh crop lifted cardamom prices notably.
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