Cardamom futures gain 0.24% as demand picks up

Cardamom prices rose by Rs 1.90 to Rs 801.50 per kg in futures trading today on the back of a pick-up in demand in the spot market against restricted arrivals. 

At the Multi Commodity Exchange, cardamom for July delivery gained Rs 1.90, or 0.24%, to Rs 801.50 per kg, with an open interest for 200 lots.  

Likewise, the spice for delivery in August edged up by Rs 1.60, or 0.19%, to Rs 834.50 per kg in 77 lots.   

Market analysts said a pick-up in demand in the spot market  against limited arrivals from producing regions mainly led to the rise in cardamom futures prices.