Cardamom futures surge 2.36 per cent on spot demand

NEW DELHI: Cardamom prices climbed Rs 20.10, or 2.36 per cent, to Rs 872.20 per kg in futures trade today as speculators created fresh positions driven by strong demand in spot markets.

At the Multi Commodity Exchange, cardamom for delivery in January next year shot up by Rs 20.10, or 2.36 per cent to Rs 872.20 per kg in business turnover of 291 lots.

The spice for delivery in December edged up by 70 paise, or 0.09 per cent to Rs 772 per kg in 17 lots.

Traders said apart from strong demand in spot markets, restricted arrivals from producing belts, mainly led to the rise in cardamom prices at futures trade.