Cardamom up 0.3% on rising demand

The spice for delivery in October edged up by 0.05%

Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for the second day by adding 0.30% to Rs 813.40 per kg in futures trade today as speculators enlarged their positions.

At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 2.40, or 0.30% to Rs 813.40 per kg in business turnover of 4 lots.

Similarly, cardamom for delivery in October edged up by 40 paise, or 0.05% to Rs 775.30 per kg in 238 lots.

Market analysts said besides rising demand in the spot market, restricted arrivals from producing regions mainly kept cardamom prices higher for the second straight day at futures trade.