Cardamom prices rose by Rs 15.50 to Rs 725 per kg in futures trade today as speculators enlarged their positions, supported by pick-up in spot market demand for the ongoing marriage season.
Tight stocks following restricted arrivals from producing regions further fuelled the uptrend in cardamom prices.
At the Multi Commodity Exchange, March cardamom rose by Rs 15.50, or 2.18%, to Rs 725 per kg, with a business volume of 254 lots.
The February delivery also rose by Rs 3.70, or 2.04%, to Rs 685 per kg, with a trade volume of 899 lots.
The April delivery gained Rs 13.50, or 1.81%, to Rs 757 per kg, with a trade volume of 45 lots.
Traders said pick-up in demand in the spot market, supported by the ongoing marriage season, mainly led to the rise in cardamom prices at futures market.
They said tight stocks following restricted supplies from the southern region also influenced the prices.
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