Cardamom prices rose by 0.77 per cent to Rs 744 per kg in futures trading today after speculators created fresh positions supported by pick up in demand in the spot market.
Also, tight stocks position on restricted supplies from major producing belts supported the uptrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in May month moved up by Rs 5.70, or 0.77 per cent to Rs 744 per kg in business turnover of 5 lots.
Similarly, cardamom for delivery in April contracts edged up by 20 paise, or 0.03 per cent to Rs 739 per kg in 87 lots.
Analysts attributed the rise in cardamom prices at futures trade to pick up in demand in the spot market against restricted supplies from producing regions.
