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Cardamom prices rose further by Rs 8.70 to Rs 1,038.50 per kg at the futures trade today on fall in supplies against increased buying by traders in tandem with a rise in spot demand. Restricted arrivals from the producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in May rose Rs 8.70 or 0.84 per cent to Rs 1,038.50 per kg with a business volume of 55 lots.
The spice for delivery in June traded higher by Rs 7.80 or 0.73 per cent to Rs 1,062 per kg with a trading volume of 12 lots. Likewise, July contract surged by Rs 6.20 or 0.59 per cent to Rs 1,059 per kg with an open interest of four lots.
Traders said rising spot market demand amid slowdown in arrivals from the producing regions mainly pushed up cardamom prices at the futures market.
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