Uptick in demand lifts cardamom futures by 1.19%

Amid pick up in demand in the domestic spot market against restricted supplies from producing belts, cardamom prices shot up by 1.19 per cent, or Rs 12.50 to Rs 1,060.10 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.
In futures trading at Multi Commodity Exchange, cardamom for delivery in January went up by Rs 12.50, or 1.19 per cent to Rs 1,060.10 per kg in business turnover of 29 lots.
Likewise, the spice for delivery in far-month February traded higher by Rs 11.40, or 1.07 per cent to Rs 1,078 per kg with trading volume of just one lot.

Analysts said fresh positions created by traders due to pick up in demand in the spot market against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures trade.