Cardamom futures rose 1.28% to Rs 827.30 per kg in futures market today as speculators went about creating fresh positions after demand picked up in the spot market.Besides, tight stock position in the physical market following restricted arrivals from producing regions supported the uptrend.
At the MCX cardamom for delivery in June rose Rs 10.50, or 1.28%, to Rs 827.30 per kg in business turnover of 360 lots.
Likewise, the spice for delivery in July contract edged up by Rs 10, or 1.25%, to Rs 804 per kg in 46 lots.
Market analysts said fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing belts largely influenced cardamom prices in futures trade.
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