Cardamom up 0.8% on upsurge in spot demand

Cardamom for delivery in July traded higher by 0.3%

Cardamom prices gained 0.81% to Rs 775.10 per kg in futures trading today as speculators enlarged their holdings on upsurge in spot demand.

Restricted arrivals from producing regions and  some export enquiries also supported the upside.

At the Multi Commodity Exchange, cardamom for delivery in August gained Rs 6.20, or 0.81%, to Rs 775.10 per kg in business turnover of 562 lots.

Similarly, cardamom for delivery in July traded higher by Rs 2.80, or 0.37%, to Rs 755.40  per kg in 1,161 lots.

Analysts said speculators enlarged their holdings on upsurge in demand in the spot market amid restricted arrivals from producing region mainly pushed up cardamom prices at futures trade.