Cardamom prices rose further by 2.83 per cent to Rs 1,114.90 per kg in futures trading today on frantic buying by stockists and retailers due to heavy demand from domestic and export markets.
Besides, worries on supply squeeze also triggered the upward trend.
At the Multi Commodity Exchange, cardamom for delivery in August was trading higher by Rs 30.70, or 2.83 per cent, to Rs 1,114.90 per kg in a business turnover of 16 lots.
The September contract of the spice traded higher by Rs 19.20, or 1.81 per cent, to Rs 1,080 per kg with trading volume of just one lot.
Analysts said fresh positions created by traders backed by reports of damage to standing crops and a likely delay in supplies of fresh crop lifted cardamom prices notably.
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