Cardamom up 0.8% on firm demand

Spice for delivery in November was trading up by 0.74%

Cardamom prices rose by 0.80% to Rs 878.10 per kg in futures trade today as speculators indulged in creating fresh positions driven by firm demand in the spot market.

Further, tight stocks in the physical market following restricted arrivals from producing belts also supported the uptrend.

At the Multi Commodity Exchange, cardamom for October contracts rose by Rs 7.10, or 0.80%, to Rs 878.10 per kg, with a trading volume of 211 lots.

The spice for delivery in November was trading up by Rs 6.70, or 0.74%, to Rs 889.10 per kg, with a business volume of 33 lots.

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