Cardamom futures rise by 2.11% on spot demand

NEW DELHI: Cardamom prices rose by Rs 20.50 to Rs 990.10 per kg in futures trade today on firming trend in the spot markets.

Limited stocks position in the spot markets following restricted arrivals from growing areas also supported the upside in cardamom prices at futures trade.

On the Multi Commodity Exchange, cardamom for December contract rose by Rs 20.50, or 2.11 per cent to Rs 990.10 per kg, with a trading volume of 1,642 lots.

The spice for delivery in January traded Rs 18.60, or 1.79 per cent, higher at Rs 1,057.50 per kg, with a business volume of 708 lots.

Traders said rising demand in spot markets on account of marriage season against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures market.