Cardamom up 2% on firm spot demand

Cardamom prices rose by Rs 14.90 to Rs 746 per kg in futures trade today as speculators enlarged their positions on firming spot market trend.
    
The sentiment improved further on account of a firm demand in the spot market against restricted arrivals from producing belts.
    
On the Multi Commodity Exchange, cardamom for July delivery surged by Rs 14.90, or 2.03%, to Rs 746 per kg in a business volume of 1,241 lots.
    

Cardamom for delivery in June gained Rs 14.30, or 2%, to Rs 726.40 per kg in trading volumes of 111 lots.
    

Traders said pick-up in demand in the spot market against restricted arrivals from producing regions resulted into the rise in cardamom prices in the futures market.