Cardamom rises by 0.34% on strong demand

Restricted arrivals from producing belts helped the trade

Cardamom futures for February rose by Rs 3.50, or 0.34%, to Rs 1,014.30 per kg in 398 lots.

At the Multi Commodity Exchange (MCX), the March contract moved up by Rs 3.30, or 0.31%, to Rs 1,053 per kg in 271 lots.

Fresh positions by speculators on rising spot market demands helped the trade to gain.

Sentiment improved further on firm demand against restricted arrivals from producing belts.

Pick-up in export demand also led to rise in cardamom futures trade.