Cardamom remains higher 1.95% on strong demand

Buoyed by strong demand in the spot markets, cardamom prices rose by Rs 20.90, or 1.95 per cent, to Rs 1,047 per kg in futures trade today.

Besides, tight stocks in the spot markets also influenced the cardamom prices at futures trade. 

At the Multi Commodity Exchange platform, cardamom for November-month contract gained Rs 20.90, or 1.95 per cent, to Rs 1,047 per kg, with a trading volume of 60 lots.

Cardamom for October month contract surged by Rs 20.60 or 1.93 per cent to Rs 1,042 per kg, with a turnover of 102 lots. 

Traders said pick up in demand in the spot market, triggered by ongoing festive and marriage season, attributed to the rise in cardamom prices at futures market.