Cardamom gains by 0.9% on rising demand

Cardamom prices advanced 0.91% to Rs 771 per kg in futures trading today as speculators enlarged their positions amid rising demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in February gained Rs 7 or 0.91% to Rs 771 per kg in a business turnover of 350 lots.

The spice for delivery in March rose by Rs 4.50 or 0.59% to Rs 764.90 per kg in 31 lots.

Analysts said fresh positions built up by speculators on the back of rise in demand in the spot market against restricted arrivals from growing regions, mainly influenced cardamom prices at futures trade.