Cardamom prices rose by 1.61 per cent to Rs 910 per kg in futures trade today as speculators created fresh positions after uptick in demand at the spot market.
Further, tight stocks and less availability of good quality cardamom also fuelled the uptrend in the physical markets
At the Multi Commodity Exchange, cardamom for June contracts edged higher by Rs 14.50, or 1.61 per cent, to Rs 910 per kg in a business turnover of 6 lots.
Likewise, the spice for delivery in July contract traded higher by Rs 10.10, or 1.15 per cent, at Rs 891 per kg with a trading volume of just one lot.
Analysts said, fresh positions built up by the traders due to pick-up in demand at the spot market against restricted arrivals from producing regions pushed up cardamom futures.
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