Cardamom futures gain 1.55 pc on rising spot demand

NEW DELHI, Sept 4:  Cardamom prices rose 1.55 per cent to Rs 709.80 per kg in futures trading today as speculators enlarged positions on the back of rising demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 10.80, or 1.55 per cent to Rs 709.80 per kg in business turnover of 217 lots.
Similarly, the spice for delivery in October gained Rs 1.60, or 0.20 per cent to Rs 783.80 per kg in 258 lots.
Market analysts said besides rising demand in the spot market, tight supplies from producing regions mainly led to rise in cardamom prices at futures trade. (PTI)