Cardamom rises 1.38% on firm demand

Restricted arrivals influence prices

Cardamom prices rose by Rs 12.90 to Rs 948.20 per kg in futures trading today, largely supported by a firm demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in September moved up by Rs 12.90, or 1.38%, to Rs 948.20 per kg, with a business turnover of 2,424 lots.

October cardamom gained Rs 10.50, or 1.01%, to Rs 1,048.70 per kg in 483 lots.

Marketmen said besides firm demand in the spot market, restricted arrivals from producing regions pushed up cardamom prices at futures trade.