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Cardamom prices rose by 0.40% to Rs 724.90 per kg in futures trade today after speculators enlarged positions supported by good buying in the spot markets.
Sentiment improved further as a result of firm demand in the spot market against restricted arrivals from producing belts.
At the Multi Commodity Exchange, cardamom for February contracts rose by Rs 2.90, or 0.40%, to Rs 724.90 per kg, with a trading volume of 136 lots.
The spice for delivery in March was trading up by Rs 2.80, or 0.37%, to Rs 755 per kg, with a business volume of 44 lots.
Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.
