Cardamom futures extend gains on rising demand

Press Trust of India / New Delhi Jan 19, 2012, 12:03 IST Cardamom extended gains for the third straight day today rising by Rs 3.10 to Rs 631.40 per kg in futures trade as speculators enlarged their positions supported by rising demand in the spot market. At the Multi Commodity Exchange, February cardamom gained Rs 3.10, or 0.49% to Rs 631.40 per kg in business turnover of 229 lots. The March delivery traded higher by Rs 2.50, or 0.38% to Rs 659.70 per kg in 32 lots. Traders said rising demand in the spot market due to marriage season, less arrivals from producing region mainly pushed up cardamom futures prices.