Cardamom up 0.4% on rising demand

Spice for delivery in September gained 0.17%

Amidst rising domestic and export demand, cardamom rose further by 0.38% to Rs 918 per kg in futures trade today as speculators engaged in enlarging positions.

Besides, restricted arrivals in the spot markets from producing belts further fuelled the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in October went up by Rs 3.50, or 0.38%, to Rs 918 per kg in a business turnover of 45 lots.

Similarly, the spice for delivery in September gained Rs 1.60, or 0.17%, to Rs 934.70 per kg in 56 lots.

Market analysts said besides rising domestic as well as export demand, limited arrivals from producing regions mainly kept cardamom prices higher at futures trade.