Cardamom futures remain up, gain 0.41% on rising demand

New delhi: Cardamom prices advanced 0.41 per cent to Rs 1,473 per kg in futures market today as speculators engaged in widening their positions, tracking a firm trend at spot market on surging demand.

Besides, tight stocks position on fall in supplies from major producing regions also supported the upside in cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March went up by Rs 6, or 0.41 per cent to Rs 1,473 per kg in business turnover of 4 lots.

Likewise, the spice for delivery in far-month April contracts edged up by Rs 1.60, or 0.11 per cent to Rs 1,439 per kg in 7 lots.

Traders said expanding of positions by participants, driven by upsurge in demand at the spot market against tight stocks position on restricted supplies from producing belts, mainly kept cardamom prices higher at futures trade.