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Continuing its rising streak for the fourth day, cardamom prices gained 0.30% to Rs 739.60 per kg in futures trading today as speculators enlarged positions, driven by rising demand in the spot market.
Tight supplies in the physical market following less arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 2.20, or 0.30%, to Rs 739.60 per kg in a business turnover of 8 lots.
Likewise, the spice for delivery in February edged up by 90 paise, or 0.13%, to Rs 708.60 per kg in 57 lots.
Market analysts said rising demand in the spot market amid tight supplies from producing region led to the uptrend in cardamom for the fourth-day at futures trade.
