Cardamom rises by 1.4% on spot demand

Cardamom prices rose by 1.38% to Rs 900.70 per kg in futures trade today as speculators indulged in enlarging positions amid restricted arrivals.

Further, firm export demand in the spot market also supported the upside.

On the Multi Commodity Exchange cardamom for April delivery surged Rs 12.30, or 1.38%, to Rs 900.70 per kg in a business volume of 329 lots.

The spice for delivery in May gained Rs 4.80, or 0.52%, to Rs 910.50 per kg in a business volume of 60 lots.

Traders said that besides restricted supplies from producing belts, strong export and domestic demand also influenced cardamom prices at futures trade.