Cardamom up 1.9% on spot demand

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

Cardamom prices rose by 1.96% to Rs 732.60 per kg in futures trade today as traders enlarged their commitments, supported by a pick-up in export and domestic demand.

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

At the Multi Commodity Exchange, cardamom for delivery in August rose by Rs 14.10, or 1.96%, to Rs 732.60 per kg, with a business turnover of 677 lots.

Similarly, cardamom for delivery in September edged up by Rs 8.90, or 1.15%, to Rs 776.20 per kg in 157 lots.