Cardamom up 1% on spot demand

Traders enlarge commitments as tight stocks following lower arrivals from growing regions fuel uptrend

Cardamom prices rose 1.06 per cent to Rs 895 per kg in futures trade today as traders enlarged commitments, supported by a pick-up in export and domestic demand.

At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 9.40, or 1.06 per cent, to Rs 895 per kg, with a business turnover of 64 lots.

The August contract edged up by Rs 8.50, or 0.92 per cent, to Rs 925.20 per kg in 319 lots.

Traders said apart from rising export and domestic demand, tight stocks in the spot markets following restricted arrivals from growing regions influenced cardamom prices at futures trade here.