Cardamom extended gains in futures trading by adding Rs 12.20 to Rs 1,102.50 per kg today as traders enlarged their commitments, driven by pick-up in export and domestic demand.
Lower arrivals from producing regions in the spot markets too influenced the cardamom prices at futures market here.
At the Multi Commodity Exchange, the spice for delivery in April rose by Rs 12.20, or 1.11%, to Rs 1,102.50, with a business volume of 24 lots.
Likewise, its prices for delivery in May gained Rs 11.40, or one per cent, to Rs 1,145.90 per kg, with a trading volume of 86 lots.
The spice for delivery in June moved up by Rs 5.80, or 0.50%, to Rs 1,161.60 per kg, with a business turnover of six lots.
Market analysts said apart from better demand and restricted arrivals in the physical markets, short-covering by speculators also attributed to the rise in cardamom futures prices.
