Cardamom futures up on strong demand, limited arrivals

NEW DELHI, June 10:  Cardamom prices rose by 2.04 per cent to Rs 966.50 per kg in futures trade today as speculators created fresh positions, supported by rising export as well as spot demand.
At the Multi Commodity Exchange, cardamom for the June delivery rose by Rs 19.40, or 2.04 per cent, to Rs 966.50 per kg in a business volume of 7 lots.
The spice for the July contract rose by Rs 7.60, or 0.83 per cent, to Rs 912.80 per kg in a business volume of 203 lots.
Traders said rising export as well as spot demand against restricted supplies from producing regions mainly led to the rise in cardamom futures prices. (PTI)