Cardamom moves up in futures trade on fresh buying

Cardamom prices moved up by Rs 9.20 to Rs 805 per kg in futures trade today as speculators created fresh positions, driven by a pick-up in demand in the spot market.

At the Multi Commodity Exchange, cardamom for July delivery moved up by Rs 9.20, or 1.16%, to Rs 805 per kg with a business turnover of 192 lots.  

Similarly, the spice for August delivery gained Rs 7, or 0.83%, to Rs 852.50 per kg in 263 lots.    

Analysts said fresh positions created by speculators on the back of a pick-up in demand mainly led to the rise in cardamom futures prices.