Uptick in demand lifts cardamom futures 0.91 pc

Cardamom prices shot up by 0.91 per cent to Rs 1,147 per kg in futures trading today as participants built up fresh positions.
Furthermore, tight supplies from the major producing regions supported the uptrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in February went up by Rs 10.30, or 0.91 per cent, to Rs 1,147 per kg in a business turnover of 12 lots.
Analysts said fresh positions created by traders due to pick-up in demand at the spot market against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures trade.