Cardamom up 2.4% on strong demand, limited arrivals

Cardamom for the July contract rose by 1.38%.

Cardamom prices rose by 2.43% to Rs 715 per kg in futures trade today as speculators created fresh positions, supported by rising export as well as spot demand.
    
Sentiment also improved on firm demand in the market against restricted arrivals from producing belts.
     
At the Multi Commodity Exchange, cardamom for the June delivery rose by Rs 17, or 2.43%, to Rs 715 per kg in a business volume of 333 lots.

     
Cardamom for the July contract rose by Rs 10.10, or 1.38%, to Rs 738.90 per kg in a business volume of 881 lots.
      
Traders said rising export as well as spot demand against restricted supplies from producing regions mainly led to upsurge in cardamom futures prices.