Cardamom futures up on spot demand

NEW DELHI: Cardamom prices rose by Rs 6.60 to Rs 692 per kg in futures trade today as speculators created fresh positions, supported by rising demand in spot markets.

Further, restricted arrivals from producing regions also supported the uptrend in cardamom futures.

At the Multi Commodity Exchange, cardamom for the June delivery rose by Rs 6.60, or 0.96 per cent, to Rs 692 per kg in a business volume of 118 lots.

Spice prices for the July contract rose by Rs 3, or 0.42 per cent, to Rs 714.60 per kg in a business volume of 278 lots.

Traders said rising export as well as spot demand and restricted supplies from producing regions mainly led to an upsurge in cardamom futures prices.