 "Cardamom up 2.5% on spot demand")
Cardamom prices gained 2.48% to Rs 965.10 per kg in futures trade today as speculators enlarged their positions tracking a firming trend at spot market on strong demand.
Besides, tight stocks position in the physical market following restricted supplies from major producing belts too supported cardamom prices' uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January-2015 rose by Rs 23.40, or 2.48%, to Rs 965.10 per kg in business turnover of 592 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on strong demand against tight supplies from producing regions that helped cardamom prices to trade higher at futures trade.
Besides, tight stocks position in the physical market following restricted supplies from major producing belts too supported cardamom prices' uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January-2015 rose by Rs 23.40, or 2.48%, to Rs 965.10 per kg in business turnover of 592 lots.
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Likewise, the spice for delivery in February edged up by Rs 23.40, or 2.41%, to Rs 993.50 per kg in 145 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on strong demand against tight supplies from producing regions that helped cardamom prices to trade higher at futures trade.