Cardamom futures up 0.60 pc on seasonal demand

New Delhi, Jan 23 (PTI) Cardamom prices edged higher by Rs 6.50 to Rs 1,075.50 per kg in futures trade today as speculators enlarged positions, driven by seasonal demand in the spot markets. Besides, tight stocks position in the spot markets following restricted arrivals from the growing belts, also supported the upside in cardamom prices at futures trade. On the Multi Commodity Exchange, cardamom for February contract rose by Rs 6.50, or 0.60 per cent, to Rs 1,075.50 per kg, with a trading volume of 698 lots. The spice for delivery in March contracts traded Rs 5.20, or 0.47 per cent, higher at Rs 1,108.90 per kg, with a business volume of 225 lots. Traders said rising demand in spot market on account of marriage season against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures market.