Cardamom up 0.3% as demand picks up

Spice for delivery in February traded higher by 0.25%

Cardamom prices rose by 0.36% to Rs 732 per kg in futures trade today as speculators created fresh positions, tracking a firm trend at spot market on pick up in demand.

At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 2.60, or 0.36%, to Rs 732 per kg in business turnover of 79 lots.

Similarly, the spice for delivery in February traded higher by Rs 1.90, or 0.25% to Rs 762 per kg in 15 lots.

Analysts said fresh positions created by speculators, tracking a firm trend at spot market on pick up in demand, mainly supported the rise in cardamom prices at futures trade.