Cardamom remains up as demand picks up

Tight supplied fuelled the uptrend

Cardamom prices rose by Rs 5.20 to Rs 1,038 per kg in futures market today.

Tight supplies further fuelled the uptrend.

At the Multi Commodity Exchange, the January contract added Rs 5.20, or 0.50% to Rs 1,038 per kg 479 lots.

Similarly, the February contract gained Rs 4.40, or 0.41% to Rs 1078 per kg in 124 lots.

Analysts said speculative positions by participants and firm trend at spot market on pick-up in demand kept cardamom prices higher for the second day.