Cardamom futures gain 0.38% on growing demand

Cardamom prices ruled higher by 0.38 per cent at Rs 1,090 per kg in futures trade today, driven up by addition of bets amid increase in demand at the domestic spot market.

Tight supply from key producing regions also helped prices go higher.

At Multi Commodity Exchange, cardamom for delivery in November contract rose by Rs 4.20, or 0.38 per cent, to Rs 1,090 per kg with trading volume of 26 lots.

The price of the spice for delivery in October increased Rs 3.30, or 0.30 per cent, to Rs 1,086.50 per kg in 22 lots.

According to traders, widening exposure of participants kept cardamom prices higher in futures trade.