NEW DELHI, Sept 22: Cardamom remained higher for the second straight day and prices advanced 0.16 per cent to Rs 815.60 per kg in futures trading today as participants enlarged bets on the back of rising demand in the spot market.
Also, tight stock position in the physical market on limited arrivals from producing belts supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in October gained Rs 1.30, or 0.16 per cent to Rs 815.60 per kg in a business turnover of 45 lots.
Similarly, the spice for delivery in November traded higher by Rs 1.20, or 0.14 per cent to Rs 831.50 per kg in 18 lots.
Analysts said that apart from a firm trend at spot market on rising demand, restricted supplies from producing regions mainly kept cardamom prices up at futures trade. (PTI)
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