Cardamom recovers 0.16% on spot demand

Restricted arrivals from producing regions add to price rise

Cardamom prices recovered by Rs 2.10 to Rs 1,326 per kg in futures trading today, snapping a two-day losing streak, on the back of rise in demand in the spot market against restricted arrivals from producing regions.

At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 2.10, or 0.16%, to Rs 1,326 per kg in business turnover of 68 lots.

The June contract traded higher by Rs 1.90, or 0.14%, to Rs 1,335 per kg in 630 lots.

Market analysts attributed the rise in cardamom futures to pick up in demand in the spot markets amid restricted arrivals from producing regions.