Cardamom futures up 0.72% on spot demand

Cardamom prices rose by Rs 4.60 to Rs 645 per kg in the futures market today on the back of a pick-up in demand in the spot market and lower arrivals from producing regions.

At the Multi Commodity Exchange, March cardamom moved up by Rs 4.60, or 0.72%, to Rs 645 per kg, with an open interest for 149 lots.

The January contract edged up by Rs 2.10, or 0.36%, to Rs 589.10 per kg in 1,220 lots.

Market analysts attributed the rise in cardamom futures prices to a pick-up in demand in the spot market and limited arrivals from producing regions.