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Cardamom prices gained for the third straight day by surging 1.72% to Rs 804.70 per kg in futures trade today as speculators enlarged their positions amid a firm trend at spot market on strong demand.
Tight stocks position in the physical market following restricted arrivals from producing region also led an upsurge in cardamom.
At the Multi Commodity Exchange, cardamom for delivery in August added Rs 13.60, or 1.72%, to Rs 804.70 per kg in business turnover of 1,244 lots.
Similarly, the spice for delivery in September contract gained Rs 9, or 1.11% to Rs 820.60 per kg in 416 lots.
Market analysts said the rise in cardamom futures was mostly supported by fresh positions created by speculators on the back of a firming trend at spot market on strong demand.
