Cardamom rises 1.3% on spot demand

A trend at the spot markets on the back of pick-up in demand against restricted arrivals from producing regions attributed the rise in cardamom prices

Cardamom prices rose by Rs 16.50 to Rs 1,290 per kg in futures trade today largely on the back of pick-up in demand in the spot market amid low stocks following restricted arrivals from producing regions.

On the MCX, the July contract surged Rs 16.50, or 1.29%, to Rs 1,290 per kg in a business volume of 200 lots.

The June contract rose by Rs 14.70, or 1.13%, to Rs 1,308.90 per kg in a business volume of 1,448 lots.

Traders said a firming trend at the spot markets on the back of pick-up in demand against restricted arrivals from producing regions attributed the rise in cardamom prices in the futures market.