Uptick in demand lifts cardamom futures by 0.53%

Cardamom prices went up by 0.53 per cent to Rs 1,144.50 per kg in futures trade today as speculators indulged in creating fresh positions, driven by pick up in demand in the spot market.
Tight stocks position on restricted supplies from producing regions fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in October month moved up by Rs 6, or 0.53 per cent to Rs 1,144.50 per kg in business turnover of 9 lots.
Similarly, spice for delivery in November contracts edged up by Rs 1.10, or 0.09 per cent to Rs 1,170 per kg in 1 lot.

Market analysts said fresh positions created by traders due to pick up in demand in the spot market against restricted supplies from producing regions mainly contributed to the rise in cardamom prices at futures trade.