 "Cardamom up 1.7% on spot demand")
Cardamom prices rose 1.72% to Rs 754.50 per kg in futures trade today as speculators created fresh positions, triggered by export and spot demand.
Besides, tight arrivals from producing regions also supported the uptrend in cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in November up by Rs 12.80, or 1.72%, to Rs 754.50 per kg, with a business turnover of 7 lots.
Traders said rising export as well as spot demand amid less arrivals from producing regions mainly led to rise in cardamom futures prices.
Besides, tight arrivals from producing regions also supported the uptrend in cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in November up by Rs 12.80, or 1.72%, to Rs 754.50 per kg, with a business turnover of 7 lots.
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Similarly, the spice for delivery in December jumped up by Rs 3.10, or 0.42%, to Rs 729.10 per kg, with trading volume of 454 lots.
Traders said rising export as well as spot demand amid less arrivals from producing regions mainly led to rise in cardamom futures prices.