Cardamom up 0.9% on spot demand

Tight stocks position in the spot market on lower arrivals from producing regions influenced prices

Cardamom prices rose by 0.94% to Rs 756.70 per kg in futures trade today after participants created positions, supported by a pick-up in export and domestic demand.

Besides, tight stocks position in the spot market on lower arrivals from producing regions also influenced prices, traders said.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 7.10, or 0.94%, to Rs 756.70 per kg, with a business turnover of 381 lots.

Similarly, the spice for delivery in October edged up by Rs 3.20, or 0.46%, to Rs 698 per kg with trading volume of 179 lots.