Uptick in demand lifts cardamom futures by 0.89%

Amid pick-up in demand at the domestic spot market against restricted supplies from producing belts, cardamom prices shot up by 0.89 per cent, or Rs 10 to Rs 1,131 per kg in futures trading today as participants built up fresh positions.
Further, tight supplies from the major producing regions too supported cardamom prices uptrend.
At the Multi Commodity Exchange, cardamom for delivery in February was trading higher by Rs 10, or 0.89 per cent to Rs 1,131 per kg in a business turnover of 37 lots.
Likewise, the spice for delivery in far-month March traded higher by Rs 2.50, or 0.22 per cent to Rs 1,144 per kg with trading volume of 5 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.