Cardamom rises 1.3% on spot demand
Cardamom prices rose by Rs 16.50 to Rs 1,290 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 MCX, the July contract surged Rs 16.50, or 1.29%, to Rs 1,290 per kg in a business volume of 200 lots.
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The June contract rose by Rs 14.70, or 1.13%, to Rs 1,308.90 per kg in a business volume of 1,448 lots.
Traders said a firming trend at the spot markets on the back of pick-up in demand against restricted arrivals from producing regions attributed the rise in cardamom prices in the futures market.