Cardamom futures surge 0.93% on high demand

NEW DELHI, Feb 4: Cardamom futures rose by 0.93 per cent to Rs 1,030 per kg in futures trade today as speculators indulged in enlarging their positions amid thin arrivals.
Sentiment improved further on account of a firm demand in the Spot market against restricted arrivals.
At the Multi Commodity Exchange, cardamom for delivery in February rose by Rs 9.50, or 0.93 per cent, to Rs 1,030 per kg, with a business turnover of 593 lots.
The delivery in March also up by Rs 9.10, or 0.85 per cent, to Rs 1,069.70 per kg, with a trading volume of 194 lots.
Traders said besides restricted supplies following adversed weather conditions at producing areas, strong domestic and export demand mainly influenced cardamom prices at futures trade. (PTI)