Cardamom extended its firmness for the second straight day on Tuesday with futures prices rising by another Rs 29.30 to Rs 1,040.80 per kg, as speculators enlarged their positions on the back of the ongoing marriage season.
Restricted arrivals in the spot markets from the producing regions also influenced the futures prices.
At the Multi Commodity Exchange counter, cardamom for delivery in December rose Rs 29.30 or 2.9 per cent to Rs 1,040.80 per kg with a trade volume of just one lot. Similarly, the spice for delivery in January moved up by Rs 20.60 or 2.05 per cent to Rs 1 ,027.30 per kg clocking an open interest of just one lot.
Traders said strong demand at the spot markets, triggered by the ongoing marriage season amid tight supplies, helped cardamom futures to trade higher.
