Cardamom up 1.1% on pick up in demand

Cardamom prices rose by Rs 11.80 to Rs 1,025 per kg in futures trading today as speculators enlarged their positions, driven by pick-up in spot demand.

Less arrivals from producing region further fuelled the uptrend in cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 11.80, or 1.16%, to Rs 1,025 per kg, with a business turnover of 518 lots.

March cardamom gained Rs 6.40, or 0.68%, to Rs 954.10 per kg, with a business turnover of 462 lots.

Market analysts said pick-up in spot market demand amid restricted arrivals from producing regions influenced cardamom futures prices.