Cardamom up 0.6% as demand improves

Spice for delivery in January was trading up by 0.29%

Cardamom prices rose by 0.61% to Rs 721.50 per kg in futures trade today after speculators enlarged positions on good buying in spot markets.

Sentiments improved further as a result of firm demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, cardamom for February contracts rose by Rs 4.40, or 0.61%, to Rs 721.50 per kg, with a trading volume of 367 lots.

The spice for delivery in January was trading up by Rs 2.10, or 0.29%, to Rs 708 per kg, with a business volume of 27 lots.

Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.