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Cardamom continued its rising trend and rose further by Rs 20.20 to Rs 848 per kg in futures market today as speculators engaged in enlarging positions, supported by rising demand in the spot market against tight supplies.
Besides, some export enquiries supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in August contracts added Rs 20.20, or 2.44%, to Rs 848 per kg in business turnover of 134 lots.
Similarly, cardamom for delivery in July contracts gained Rs 16.50, or 2.04%, to Rs 825.20 per kg in 826 lots.
Analysts said the rise in cardamom prices at futures trade was mostly attributed to increased positions created by speculators on the back of rising demand in the spot market against less arrivals from producing belts.
