Cardamom rises on spot demand

NEW DELHI: Cardamom prices rose by Rs 11.10 to Rs 763.50 per kg in futures trade today, largely on the back of pick-up in demand in the spot market amid low stocks following restricted arrivals from producing regions.

On the Multi Commodity Exchange, cardamom for June delivery surged Rs 11.10, or 1.47 per cent, to Rs 763.50 per kg in a business volume of 756 lots.

Spice prices for July contract rose by Rs 9.60, or 1.24 per cent, to Rs 786.30 per kg in a business volume of 70 lots.

Traders said a firming trend at the spot markets on the back of pick-up in demand attributed the rise in cardamom prices in the futures market.