Cardamom prices rose by 2.03 per cent to Rs 1,107.20 per kg in futures trade today on frantic buying by stockists and retailers due to increased demand from domestic and export markets.
Besides, reports of damage to standing crops and anticipation of delay in supplies of the fresh crops amid heavy monsoon fuelled the upward momentum.
At the Multi Commodity Exchange, cardamom for delivery in this month was trading higher by Rs 22, or 2.03 per cent, to Rs 1,107.20 per kg in a business turnover of 6 lots.
The contract for September was trading higher by Rs 12, or 1.09 per cent, to Rs 1,110 per kg with a trading volume of 9 lots.
Analysts said, fresh positions created by traders backed by reports of damage due to standing crops and a likely delay in supplies of fresh crop lifted cardamom prices notably.
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