Cardamom up on restricted arrivals, good demand

Cardamom prices rose by Rs 16.80 to Rs 1,024 per kg in futures trade today on account of a firm demand in the market against restricted arrivals from producing belts.

On the Multi Commodity Exchange, the December contract rose by Rs 16.80, or 1.67%, to Rs 1,024 per kg, with a trading volume of 385 lots.

The January delivery traded Rs 13.60, or 1.26%, higher at Rs 1,090 per kg, with a business volume of 818 lots.

Traders said rising export and spot demand against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures market.