Cardamom prices were higher by 0.69 per cent to Rs 1,375 per kg in futures trade today as participants raised their bets, taking positive cues from spot markets on surging demand.
Tight stocks position on fall in arrivals amid flood over vast areas of Kerala, also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery
in October rose by Rs 9.40, or 0.69 per cent to Rs 1,375 per kg in business turnover of 1 lot.
Likewise, the spice for delivery in September gained Rs 8.40, or 0.61 per cent to Rs 1,379 per kg in 12 lots.
Analysts said widening of positions by traders on the back of rising demand in the physical markets against paucity of stocks, kept cardamom prices higher at futures trade.
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