Cardamom prices surged 4 per cent to hit an upper circuit at Rs 1,309.40 per kg in futures trading today as participants built up huge positions amid pick-up in demand.
Moreover, fears of damage to standing crops and delay in new crop supplies also fuelled the upward momentum.
At the Multi Commodity Exchange, cardamom for delivery in September was trading higher by Rs 50.30, or 4 per cent, to hit an upper limit at Rs 1,309.40 per kg in a business turnover of 29 lots.
Analysts said fresh positions created by traders due to pick-up in demand in spot market against tight stocks lifted cardamom prices notably higher.
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