Cardamom recovers 1.08% on fall in supply

Cardamom futures prices recovered by Rs 6.70, or 1.08 per cent to Rs 620 per kg today, as speculators created fresh positions, driven by restricted stock positions in the physical markets on fall in supplies from the producing regions.

At the Multi Commodity Exchange, cardamom for February delivery rose by Rs 6.70, or 1.08 per cent, to Rs 620 per kg, with a trading volume of 154 lots

The spice for delivery in January higher by Rs 640, or 1.82 per cent to Rs 594.70 per kg with a business volume of 563 lots.

Traders said apart from tight stocks following restricted supplies, pick up in demand in the spot market also supported the upside in cardamom futures prices.