Cardamom futures remain up on firm spot demand

August cardamom adds 0.3% as speculators expand positions, September contract up 0.18%

Cardamom rose by Rs 4 to Rs 1,337.60 per kg in futures trading today as speculators engaged in enlarging positions amid rising spot market demand.

At the Multi Commodity Exchange, cardamom for delivery in August added Rs 4, or 0.30%, to Rs 1,337.60 per kg, with a business turnover of 57 lots.

September cardamom gained Rs 2.40, or 0.18%, to Rs 1,317 per kg in 16 lots.

Market analysts said besides rising demand in the spot market, tight stocks availability in the physical market following restricted arrivals from producing belts also influenced cardamom prices, traders said.