Cardamom up 1% on spot demand

Lower arrivals from growing areas fuel uptrend

 

Cardamom prices rose by Rs 8.70 to Rs 921 per kg in futures trade today, largely in tandem with a firming trend in spot markets on rising demand amid restricted arrivals.

On the Multi Commodity Exchange, cardamom for July delivery surged by Rs 8.70, or 0.95 per cent, to Rs 921 per kg in a business volume of 171 lots.

The June contract gained Rs 2.40, or 0.26 per cent, to Rs 910 per kg in a business volume of 198 lots.

Traders said pick-up in demand in the spot markets against restricted arrivals from producing regions, influenced cardamom prices in futures trade.