Cardamom up by 0.6% on tight supply

Supported by fall in supplies from growing regions, cardamom futures rose 0.60% to Rs 817.80 per kg in futures trade today as traders creating speculative positions.

Besides, firm spot demand influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in November was up by Rs 4.90, or 0.60%, to Rs 817.80 per kg, with a business turnover of 166 lots.

The delivery in October also went up by Rs 3.80, or 0.50%, to Rs 763.40 per kg, with a trading volume of 23 lots.

Market analysts said the rise in cardamom prices at futures trade was mostly attributed to tight supplies from producing belts against rising spot and export demand.