Cardamom rises 1.06% on spot demand

Restricted arrivals from key producing areas also supported prices

Cardamom futures prices rose by Rs 12 to Rs 1,139.30 per kg today as traders raised their positions on pick-up in spot market demand for the commodity amid low stocks.

Restricted arrivals from major growing belts amid speculations of a decline in production in the current year also influenced cardamom prices at futures trade here.

On the MCX, cardamom for May delivery rose by Rs 12, or 1.06%, to Rs 1,139.30 per kg, with a business volume of 842 lots.

The spice for June delivery rose by Rs 12.30, or 1.03%, to Rs 1,203 per kg, with a business volume of 172 lots.

Traders said pick-up in demand in the spot market against restricted arrivals from producing regions attributed the rise in cardamom prices in the futures market.