Cardamom rises 0.91% as demand picks up

Tight stock positions in physical market on restricted supplies from producing belts fuel uptrend

Supported by pickup in demand in the spot markets, cardamom prices were up by 0.91 per cent to Rs 886.40 per kg in futures market today as traders enlarged positions.

Further, tight stock positions in the physical market on restricted supplies from producing belts fueled the uptrend.

At the Multi Commodity Exchange cardamom for delivery in May rose by Rs 8, or 0.91 per cent to Rs 886.40 per kg in business turnover of 207 lots.

Analysts said speculators enlarged positions following pickup in demand in the spot market mainly led to the rise in cardamom prices at futures trade.