Cardamom futures rise on spot demand

Cardamom prices today rose by Rs 26 or 2.11 per cent to Rs 1,256 per kg in futures market as speculators engaged in enlarging their positions, taking positive cues from spot market on rising domestic and exports demand.
Besides, restricted supplies from producing regions also fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in October rose by Rs 26 or 2.11 per cent to Rs 1,256 per kg in a business turnover of 554 lots.
Similarly, spice for delivery in current month gained Rs 18.50 or 1.56 per cent to Rs 1,200 per kg in just two lots.

Market analysts said besides rise in demand in the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher in futures trade.