Cardamom up 1.1% on spot demand

Spice for delivery in March jumped 1.12%

Cardamom prices rose 1.18% to Rs 842 per kg in futures trade today as speculators created fresh positions on firm demand in the spot markets.

Further, restricted arrivals from producing regions also supported the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in April rose Rs 9.90, or 1.18%, to Rs 842 per kg, with a business turnover of 227 lots.

Similarly, the spice for delivery in March jumped Rs 9, or 1.12%, to Rs 811 per kg, with trading volume of 487 lots.

Traders said besides rising demand in the spot markets, restricted arrivals from producing regions mainly led to the rise in cardamom futures prices.