Cardamom rises 1.4% on spot demand

A firming trend at the spot market also helped prices

Cardamom prices rose 1.37% to Rs 877.50 per kg in futures trade today largely on the back of pick-up in demand in the spot market amid low stocks.

At the Multi Commodity Exchange, cardamom for the January 2014 contract gained Rs 11.90, or 1.37%, to Rs 877.50 per kg with a trading volume of 328 lots.

The spice for delivery in February higher by Rs 10.80 or 1.21%, to Rs 900.80 per kg, with a business volume of 21 lots.

Traders said a firming trend at the spot market on the back of pick-up in demand attributed the rise in cardamom prices in the futures market.