Cardamom up 0.85% on spot demand

Cardamom prices rose by Rs 5.80 to Rs 691.50 per kg in futures trading today as speculators created fresh positions, tracking a firming trend at spot market on the back of rising demand in view of marriage season.

Restricted arrivals from producing regions also supported the uptrend in cardamom futures prices.

At the Multi-Commodity Exchange, cardamom for delivery in February rose by Rs 5.80, or 0.85% to Rs 691.50 per kg in business turnover of 474 lots.

The March contract gained Rs 5.60, or 0.75% to Rs 750 per kg in 307 lots.

Analysts said fresh buying by speculators following pick up in demand in the spot market led to rise in cardamom prices at futures trade.