Cardamom futures rise 0.56% on spot demand, tight supply

NEW DELHI: Supported by strong domestic and export demand, cardamom prices traded 0.56 per cent higher to Rs 945.10 per kg in futures trade today as speculators enlarged positions.

Besides, tight supplies from producing regions influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 5.30, or 0.56 per cent, to Rs 945.10 per kg in a business turnover of 570 lots.

Similarly, the spice for delivery in August gained Rs 4.80, or 0.52 per cent, to Rs 919.80 per kg in 116 lots.

Analysts said apart from strong domestic and export demand in the spot market, tight supplies from producing belts mainly led to the rise in cardamom prices in futures trade here.