Cardamom gains 0.9% on rising demand

Rising demand in the spot markets and a firming trend at producing belts led to rise in prices

Cardamom prices rose 0.89% to Rs 700 per kg in futures trading today as speculators enlarged positions on a firm trend at spot market.

At the Multi Commodity Exchange, cardamom for delivery in February rose Rs 6.20, or 0.89%, to Rs 700 per kg in a business turnover of just one lot.

Likewise, spice for delivery in March edged higher by Rs 2, or 0.25%, to Rs 801 per kg in 231 lots.

Market analysts said rising demand in the spot markets and a firming trend at producing belts led to rise in cardamom prices at futures trade.