Cardamom futures remain up on firm demand

New Delhi: Rising for the second straight day, cardamom prices advanced by 2.33 per cent to Rs 731.50 per kg in futures trade today as traders indulged in enlarging their positions, tracking a firm trend at spot market on strong demand.

Moreover, restricted supplies in the physical markets from major producing belts supported the uptrend in cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in April increased by Rs 16.70, or 2.33 per cent, to Rs 731.50 per kg, in a business turnover of 435 lots.

Similarly, cardamom for delivery in May edged up by Rs 9.80, or 1.35 per cent, to Rs 735 per kg in 25 lots.

Analysts attributed the rise in cardamom prices at futures trade to a firming trend at spot markets on strong demand amid tight supplies from producing regions.