Cardamom rises 0.71%

Limited arrivals led to rise in prices

Cardamom prices rose by Rs 7.50 to Rs 1,051.90 per kg in futures trade today.

At the Multi Commodity Exchange, the January contract rose by Rs 7.50, or 0.71% to Rs 1,051.90 per kg in business turnover of 479 lots.

Similarly, the February contract traded higher by Rs 5.70, or 0.52%, to Rs 1,091 per kg with a trade volume of 86 lots.

Marketmen said fresh positions created by speculators, driven by a rise in demand in the spot market against limited arrivals from producing belts led to rise in cardamom prices.