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Cardamom prices rose 0.70% to Rs 890 per kg in futures trade today as speculators created fresh positions amid positive cues from spot market on rising demand.
Tight stocks position in the physical market following restricted arrivals from producing region also supported the uptrend.
Cardamom for delivery in September moved up by Rs 6.20, or 0.70%, to Rs 890 per kg in a business turnover of 34 lots at the Multi Commodity Exchange.
Similarly, the spice for delivery in August traded higher by Rs 3, or 0.32%, to Rs 930 per kg in 91 lots.
Market analysts said apart from pick-up in demand in the spot market, restricted arrivals from growing regions led the rise in cardamom prices at futures trade.
