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Cardamom futures extended gains for the second straight day with prices surging 0.74% to Rs 682.40 per kg as speculators enlarged their positions tracking firming trend at spot market on rising demand.
Further, tight stocks position in the physical market following less arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January gained Rs 5, or 0.74%, to Rs 682.40 per kg in business turnover of 160 lots.
Similarly, the spice for delivery in February traded higher by Rs 1.90, or 0.27%, to Rs 704.70 per kg in 45 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on rising demand against tight supplies from producing regions, mainly helped cardamom prices to extend gains for the second day at futures trade.
