Cardamom up 0.82% on spot demand

Restricted arrivals influence prices

Cardamom prices rose by Rs 7.80 to Rs 948 per kg in futures trade today as traders enlarged their commitments, trigged by a pick up in export and spot demand.

The tight stocks position following lower arrivals from producing regions influenced cardamom prices in the futures market here.

At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 7.80, or 0.82%, to Rs 948 per kg, with a business turnover of 299 lots.

October cardamom edged up by Rs 8.10, or 0.76%, to Rs 1,042.70 per kg in 78 lots.

Market analysts attributed the rise in cardamom futures prices to strong export and domestic demand amid restricted arrivals in the spot market.