Cardamom futures remain up on surging demand, tight stocks

Rising for the second straight day, cardamom prices advanced by 1.05 per cent to Rs 1,135 per kg in futures trade today as participants engaged in enlarging their positions, taking positive cues from spot market on strong demand.
Further, tight stocks position on restricted arrivals from major producing regions fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in October shot up by Rs 11.80, or 1.05 per cent to Rs 1,135 per kg in a business turnover of 5 lots.
Likewise, the spice for delivery in November was trading higher by Rs 8.40, or 0.75 per cent to Rs 1,133 per kg in 54 lots.

Market analysts said increased of positions by traders on the back of rising domestic and exports demand at the physical markets against restricted supplies from producing regions, mainly kept cardamom prices higher at futures trade.