Cardamom rises by 0.6% on pick-up in demand

Cardamom prices were up 0.61% to Rs 860.70 per kg in futures trade today as speculators indulged in creating fresh positions amid positive cues from spot market.

At the Multi Commodity Exchange, cardamom for delivery in January next year rose by Rs 5.20, or 0.61% to Rs 860.70 per kg in business turnover of 51 lots.

Similarly, the spice for delivery in December contract traded higher by Rs 4.30, or 0.54% to Rs 808.00 per kg in 97 lots.

Analysts said speculators built-up fresh positions on the back of pick-up in demand in the spot market against restricted arrivals from producing regions which led to the rise in cardamom prices at futures trade.