Cardamom futures remain higher 2.98% on rising demand

Cardamom prices rose by another 2.98 per cent to Rs 1,084 per kg in futures market today as investors widened bets, tracking a firm trend at spot market on domestic as well as exports demand.

Besides, tight stocks position on fall in supplies from producing regions supported the upmove.

At the Multi Commodity Exchange, cardamom for delivery in current month advanced by Rs 31.40, or 2.98 per cent, to Rs 1,084 per kg, in a business turnover of 61 lots.

Likewise, the spice for delivery in July rose by Rs 10.30, or 1.08 per cent, to Rs 965 per kg in 60 lots.

Analysts attributed the rise in cardamom prices in futures trade to raising of positions by participants, tracking a firm trend at the spot markets and pick up in export demand.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)