Cardamom gains 1.34% on spot demand

Restricted arrivals from producing belts support uptrend

Cardamom prices moved up by Rs 13 to Rs 982 per kg in futures trading today as speculators created fresh positions, driven by a rise in spot market demand.

Restricted arrivals from producing belts supported the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in October moved up by Rs 13, or 1.34%, to Rs 982 per kg, with a business turnover of 1,183 lots.

September cardamom traded higher by Rs 1.10, or 0.15%, to Rs 738 per kg, with a business turnover of 470 lots.

Marketmen said fresh positions created by speculators on the back of a rise in demand in the spot market helped cardamom prices to trade higher at futures trade.