Cardamom up 1.1% on high demand

Delivery in February up by 0.95%

Cardamom futures rose by 1.14% to Rs 756.90 per kg in futures trade today as speculators indulged in enlarging their positions amid thin arrivals.

Sentiment improved further on account of a firm demand in the Spot market against restricted arrivals.

At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 8.60, or 1.14%, to Rs 756.90 per kg, with a business turnover of 259 lots.

The delivery in February also up by Rs 6.90, or 0.95%, to Rs 728 per kg, with a trading volume of 426 lots.

Market analysts said rising spot and exporters demand against restricted arrivals from producing regions, mainly influenced cardamom prices at futures market.