Cardamom futures extend gains on rising demand

NEW DELHI, June 11:  Cardamom prices rose 0.62 per cent to Rs 905 per kg in futures trading today as speculators enlarged positions on a firm trend in spot market.
At the Multi Commodity Exchange, cardamom for delivery in June gained Rs 6.60, or 0.62 per cent, to Rs 905 per kg in a business turnover of 6 lots.
In a similar fashion, the spice for delivery in July added Rs 2.10, or 0.32 per cent, to Rs 919 per kg in 270 lots.
However, the spice for delivery in June shed Rs 2.40, or 0.25 per cent, to Rs 970 per kg in 7 lots.
Analysts said rising demand in the spot market against tight supplies from producing regions supported the upside in cardamom prices at futures trade. (PTI)