Cardamom rises 1.37 pc on fresh spot demand

NEW DELHI: Cardamom prices rose by Rs 20.40 to Rs 1,505 per kg in futures trade today as speculators created fresh positions amid low stocks.

Restricted arrivals from producing belts also supported the uptrend in cardamom futures prices.

On the Multi Commodity Exchange, cardamom for July delivery rose by Rs 20.40, or 1.37 per cent, to Rs 1,505 per kg, in a business volume of 119 lots.

The spice of August delivery rose by Rs 5, or 0.36 per cent, to Rs 1,363.90 per kg, with a business volume of 455 lots.

Traders said pick up in demand in the spot market against restricted arrivals from producing regions attributed to the rise in cardamom prices in the futures market.