Cardamom up by 0.9% as spot demand picks up

Cardamom prices rose by 0.90% to Rs 810.70 per kg in futures trading today as speculators created positions driven by pickup in demand in the spot market.

Further, restricted arrivals from producing regions supported the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 7.30, or 0.90% to Rs 810.70 per kg in a business turnover of 120 lots.

Similarly, the spice for delivery in June edged up by Rs 7, or 0.84%, to Rs 840 per kg in 41 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.