NEW DELHI, Apr 17: Cardamom prices gained Rs 30.70 to Rs 1,331 per kg in futures trade today as speculators enlarged their positions, driven by rising demand for the ongoing marriage season in the spot market.
Less arrivals from Southern producing regions also supported the uptrend in cardamom prices at futures trade.
On the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 30.70, or 2.36 per cent, to Rs 1,331 per kg in business turnover of 167 lots.
Similarly, the spice for delivery in May contract gained Rs 25.20, or 2.07 per cent, to Rs 1,244 per kg in 1,164 lots.
Traders said besides increased buying by speculators on the back of rising demand in the spot market, less arrivals from producing region mainly led to an upsurge in cardamom prices at futures trading. (PTI)
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