Spot demand lifts cardamom futures by 1.90%

Cardamom prices were up 1.90 per cent to Rs 1,203.30 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 October rose by Rs 22.40, or 1.90 per cent, to Rs 1,203.30 per kg in a trading volume of 283 lots.
Similarly, spice for delivery in September gained Rs 13.60 or 1.18 per cent, to Rs 1,164 per kg in a business turnover of just one lot.

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.