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Cardamom prices rose by Rs 24.60, or 2.31 per cent, to Rs 1,089 per kg in futures trade today as speculators created fresh positions on the back of pick-up in demand in spot markets amid limited stocks.
Besides, the sentiment improved further on restricted supplies and increased demand.
At the Multi Commodity Exchange, cardamom for delivery in February rose by Rs 24.60, or 2.31 per cent, to Rs 1,089 per kg in a business turnover of 162 lots.
The March contract traded higher by Rs 4.60, or 0.41 per cent, to Rs 1,117 per kg in 560 lots.
Market analysts said fresh positions created by speculators following pick-up in demand in spot markets against restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
