Cardamom prices crosses Rs 1300 mark on rising demand and tight supply

Cardamom prices crosses Rs 1,300 per kg in futures trade today due to raised demand amid tight supply.

Tight stocks position on fall in arrivals amid flood over vast areas of Kerala, also supported the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in October rose by Rs 9.40, or 0.69 per cent to Rs 1,375 per kg in business turnover of 1 lot.

Likewise, the spice for delivery in September gained Rs 8.40, or 0.61 per cent to Rs 1,379 per kg in 12 lots.

Analysts said widening of positions by traders on the back of rising demand in the physical markets against paucity of stocks, kept cardamom prices higher at futures trade.