Cardamom up 0.5% as demand rises

Cardamom prices moved up by 0.54% to Rs 984.50 per kg in futures trading today as speculators built up fresh positions following pick up in demand at the spot market.

At the Multi Commodity Exchange, cardamom for delivery in May traded higher by Rs 5.30, or 0.54% to Rs 984.50 per kg in business turnover of 287 lots.

Analysts attributed gains in cardamom prices at futures trade to rising demand in the spot markets.