Cardamom up 1% as demand picks up

Spice for delivery in May edged higher by 0.37%

Supported by rising spot demand, cardamom prices rose by 1.04% to Rs 880 per kg in futures trading today as speculators created fresh positions.

At the Multi Commodity Exchange, cardamom for delivery in April moved up by Rs 9.10, or 1.04% to Rs 880 per kg in business turnover of 169 lots.

Similarly, the spice for delivery in May edged higher by Rs 3.30, or 0.37% to Rs 906 per kg in 189 lots.

Analysts said fresh positions built-up by speculators after demand picked up in the spot market against tight supplies from growing regions mainly led to rise in cardamom prices at futures trade.