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Cardamom prices rose by 1.03 per cent to Rs 924 per kg in futures trade today as speculators raised their bets amid an increase in physical demand in the domestic spot market.
Besides, tight stocks position on fall in arrivals from growing regions too fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in June went up by Rs 9,40, or 0.103 per cent, to Rs 924 per kg in a business turnover of 6 lots.
Similarly, the spice for delivery in July edged higher by Rs 3.90, or 0.44 per cent, to Rs 885 per kg in 2 lots.
Traders said widening of positions by participants, driven by surge in demand in the physical market against restricted supplies from producing regions attributed to the rise in cardamom prices in futures trade.
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