Cardamom extend gains, up 0.6% on rising demand

Cardamom for delivery in September edged up by 0.08%

Amid rising demand in the spot market and restricted arrivals from producing belts, cardamom prices extended gains for the second straight day by rising 0.60% at Rs 765.60 per kg in futures trade today.

At the Multi Commodity Exchange, cardamom for delivery in August gained Rs 4.60, or 0.60%, to Rs 765.60 per kg in business turnover of 1,180 lots.

Similarly, cardamom for delivery in September edged up by 60 paise, or 0.08% to Rs 785 per kg in 269 lots.

Market analysts said besides rising demand in the spot market, tight supplies on less arrivals from producing region, mainly influenced cardamom prices at futures trade.