Cardamom up 1.9% on firm demand

Spice for delivery in October was up by 1.08%

Cardamom prices rose 1.86% to Rs 841 per kg in futures trade today as speculators engaged in creating positions amid rising demand in the spot market.

Further, tight stocks position in the physical market following restricted arrivals from producing belts also supported the uptrend.

At the Multi Commodity Exchange, cardamom for November contracts rose by Rs 15.40, or 1.86%, to Rs 841 per kg, with a trading volume of 529 lots.

The spice for delivery in October was up by Rs 8.90, or 1.08%, to Rs 829.40 per kg, with a business volume of 224 lots.

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