Cardamom up by 1.8% on strong demand

Cardamom prices shot up by 1.78% to Rs 939.10 per kg in futures trade today as speculators enlarged positions amid positive cues from spot markets.

At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 16.40, or 1.78%, to Rs 939.10 per kg in a business turnover of 656 lots.

Similarly, the spice for delivery in August gained Rs 8.80, or 0.97%, to Rs 919 per kg in 200 lots.

Analysts said besides strong demand, tight supplies from producing belts in the spot market, pushed up cardamom prices at futures trade.