Spot demand lifts cardamom futures by 0.64 per cent

Cardamom prices were up 0.64 per cent to Rs 1,138.80 per kg in futures trade today as speculators built up fresh position amid rising domestic and export demand in the spot market.
Further, insufficient supplies from producing regions also added support to cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 7.20, or 0.64 per cent, to Rs 1,138.80 per kg in a business turnover of just one lot.
Similarly, spice for delivery in October gained Rs 3.80, or 0.32 per cent, to Rs 1,176 per kg in 12 lots.
Analysts attributed the rise in cardamom futures to uptick in domestic as well as exports demand in the spot market against tight stocks position on restricted arrivals from producing belts.