Cardamom futures gain 0.80% on spot demand

NEW DELHI: Supported by a firm trend at the domestic spot market on rising demand, cardamom prices gained 0.80 per cent to trade at Rs 755 per kg in futures market today as speculators enlarged positions.

Moreover, restricted supplies in the physical markets from major producing belts supported the uptrend in cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in May increased by Rs 6, or 0.80 per cent, to Rs 755 per kg, in a business turnover of 13 lots.

Similarly, cardamom for delivery in April edged up by Rs 3.70, or 0.49 per cent, to Rs 743.50 per kg in 65 lots.

Analysts attributed the rise in cardamom prices at futures trade to a firming trend at spot market on strong demand amid tight supplies from producing regions.