International Spice Commodities Update – Cardamom

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Cardamom futures today rose by Rs 3.30 ($0.06, €0.05, £0.04) to Rs 576.50 ($11.19, €8.79, £7.30) per kg, as speculators created fresh positions, tracking a firming trend at spot market on pick-up in demand.

Tight stocks position in the physical market following restricted arrivals from producing regions also supported the uptrend in cardamom prices.

At the Multi Commodity Exchange, January cardamom rose by Rs 3.30 ($0.06, €0.05, £0.04) , or 0.58%, to Rs 576.50 ($11.19, €8.79, £7.30) per kg in business turnover of 228 lots.

The February delivery edged up by Rs 3.10 ($0.06, €0.05, £0.04), or 0.51%, to Rs 612.50 ($11.89, €9.33, £7.75) per kg in 431 lots.

Market analysts said besides pick-up in demand in the spot market on the back of marriage season, restricted arrivals from producing belts mainly pushed up cardamom futures prices.

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