Cardamom futures surge 0.81% on spot demand

NEW DELHI, Feb 20: Cardamom prices rose by Rs 8 to Rs 991.80 per kg in futures trade today as speculators created fresh positions, tracking a firm spot market demand.
Less arrivals from producing regions also supported the uptrend in cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in April rose Rs 8, or 0.81 per cent, to Rs 991.80 per kg, with a business turnover of 153 lots.
Similarly, the spice for delivery in March jumped by Rs 6.60, or 0.69 per cent, to Rs 959 per kg, with trading volume of 822 lots.
Traders said rising demand in the spot market against less arrivals from producing regions mainly led to an upsurge in cardamom futures prices. (PTI)