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Cardamom prices rose by Rs 11.80 to Rs 769.90 per kg in futures trade today as traders enlarged their commitments, motivated by a pick-up in export and domestic demand.
The tight stocks position following lower arrivals in the spot market from producing regions also influenced prices in the futures market here.
At the Multi Commodity Exchange, cardamom for October contract delivery rose by Rs 11.80 or 1.55 per cent to Rs 769.90 per kg with a business turnover of 149 lots.
In a similar fashion, the spice for November contract delivery gained Rs 11.30 or 1.41 per cent to Rs 811.50 per kg with a trading volume of 49 lots, while cardamom for current month delivery rose by Rs 9.10, or 1.30 per cent to Rs 708.90 per kg in 262 lots.
Market analysts attributed the rise in cardamom futures prices to strong export and domestic demand amid restricted arrivals in the spot market.
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