Cardamom up 1.2% on rising spot demand

Speculators enlarged their positions, driven by rising demand in the spot market against limited arrivals from producing regions, influenced cardamom prices

Cardamom prices gained 1.25% to Rs 739.90 per kg in futures trade today as speculators enlarged positions, driven by rising demand in the spot market against limited arrivals from producing regions.

At the Multi Commodity Exchange, cardamom for delivery in October gained Rs 9.10, or 1.25%, to Rs 739.90 per kg in business turnover of 401 lots.

Market analysts said speculators enlarged their positions, driven by rising demand in the spot market against limited arrivals from producing regions, mainly led to rise in cardamom prices at futures trade.