Cardamom futures rises on spot demand

NEW DELHI: Cardamom prices rose by Rs 10 to Rs 828 per kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market.

Restricted arrivals from producing regions also supported the upside in cardamom futures prices.

At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 10, or 1.22 per cent to Rs 828 per kg, with a trading volume of 204 lots.

Cardamom for August delivery moved up by Rs 8.60, or one per cent to Rs 870.50 per kg, with trading volume of 44 lots.

Similarly, the spice for delivery in June moved up by Rs 4, or 0.54 per cent to Rs 750 per kg, with a trade volume 116 lots.

Market analysts said the cardamom futures prices rose sharply on the back of pick-up in spot market demand against restricted arrivals from producing belts.