NEW DELHI, Apr 6: Cardamom prices moved up by 0.98 per cent to Rs 892 per kg in futures trade today after speculators built up huge positions, supported by rising domestic as well as exports demand in the spot market.
Furthermore, restricted arrivals from producing belts supported the upside.
Cardamom for delivery in April month rose by Rs 8.70, or 0.98 per cent to Rs 892 per kg in business turnover of 72 lots at the Multi Commodity Exchange.
In a similar fashion, the spice for delivery in May contracts edged up by Rs 2.40, or 0.27 per cent to Rs 896.90 per kg in 22 lots.
Market analysts said besides rising domestic and export demand in the spot market, restricted supplies from producing belts, mainly led to the rise in cardamom prices at futures trade. (PTI)
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