Cardamom futures up on better spot demand

At the Multi Commodity Exchange,the spice for delivery in April rose by Rs 12.20,or 1.11 per cent,to Rs 1,102.50,with a business volume of 24 lots.

Likewise,its prices for delivery in May gained Rs 11.40,or one per cent,to Rs 1,145.90 per kg,with a trading volume of 86 lots.

The spice for delivery in June moved up by Rs 5.80,or 0.50 per cent,to Rs 1,161.60 per kg,with a business turnover of six lots.

Market analysts said apart from better demand and restricted arrivals in the physical markets,short-covering by speculators also attributed to the rise in cardamom futures prices.