Cardamom up 1.2% on spot demand

Restricted arrivals from producing regions affects prices

Cardamom prices rose by Rs 12.10 to Rs 1,000 per kg in futures trade today, largely in tandem with a firming trend in spot markets on pick-up in demand amid restricted arrivals.

On the Multi Commodity Exchange, cardamom for July delivery surged Rs 12.10, or 1.22%, to Rs 1,000 per kg in a business volume of 12 lots.

August cardamom gained Rs 7, or 0.75%, to Rs 935 per kg in a business volume of 135 lots.

Traders said pick-up in demand in the spot markets against restricted arrivals from producing regions influenced cardamom prices in the futures market.