Cardamom up 0.3% on spot demand

Spice for delivery in May contract edged up by 0.27%

Cardamom prices rose by 0.38% to Rs 811.80 per kg in futures trade today as speculators created fresh positions supported by rising demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 3.10, or 0.38% to Rs 811.80 per kg in business turnover of 341 lots.

Likewise, the spice for delivery in May contract edged up by Rs 2.30, or 0.27% to Rs 840.80 per kg in 39 lots.

Analysts said speculators created fresh positions after demand picked up in the spot market mainly led to rise in cardamom prices to trade higher at futures trade.