Cardamom futures up 1.21 pc on spot demand

NEW DELHI: Cardamom prices rose by Rs 10 to Rs 834.60 per kg in futures trading today on the back of a firming trend in the spot market amid rising export enquiries.

Reduced supply from southern growing belts also supported prices of the commodity.

At the Multi Commodity Exchange, cardamom for the December delivery rose by Rs 10, or 1.21 per cent, to Rs 834.60 per kg, with a trading volume of 268 lots.

Similarly, the spice for delivery in November advanced by Rs 8.50, or 1.07 per cent, to Rs 801.80 per kg, with business volume of 137 lots.

Traders said increased buying in the spot market, fuelled by festive and export demand, led to the rise in cardamom futures prices.

They said reduced supply from southern growing belts also supported the uptrend.