Cardamom futures gain 1.26% on rising demand
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9, or 1.26 per cent, to Rs 722.90 per kg, in a business turnover of 192 lots.
By PTI | Updated:
NEW DELHI: Cardamom prices gained 1.26 per cent to Rs 722.90 per kg in futures trading today as speculators enlarged positions amid rising demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9, or 1.26 per cent, to Rs 722.90 per kg, in a business turnover of 192 lots.
However, the spice for delivery in April shed Rs 8.60, or 1.17 per cent, to Rs 739.90 per kg in 22 lots.
Analysts said fresh positions built up by speculators on the back of rise in demand in the spot market against restricted arrivals from growing regions, mainly influenced cardamom prices at futures trade. PTI DP KPS DPL SRK MR 02111049 NNNN
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9, or 1.26 per cent, to Rs 722.90 per kg, in a business turnover of 192 lots.
However, the spice for delivery in April shed Rs 8.60, or 1.17 per cent, to Rs 739.90 per kg in 22 lots.
Analysts said fresh positions built up by speculators on the back of rise in demand in the spot market against restricted arrivals from growing regions, mainly influenced cardamom prices at futures trade. PTI DP KPS DPL SRK MR 02111049 NNNN
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