Cardamom futures gain 1.86% on firm demand
Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.
By PTI | Updated:
NEW DELHI: Cardamom prices rose 1.86 per cent to Rs 841 per kg in futures trade today as speculators engaged in creating positions amid rising demand in the spot market.
Further, tight stocks position in the physical market following restricted arrivals from producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for November contracts rose by Rs 15.40, or 1.86 per cent, to Rs 841 per kg, with a trading volume of 529 lots.
The spice for delivery in October was up by Rs 8.90, or 1.08 per cent, to Rs 829.40 per kg, with a business volume of 224 lots.
Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.
Further, tight stocks position in the physical market following restricted arrivals from producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for November contracts rose by Rs 15.40, or 1.86 per cent, to Rs 841 per kg, with a trading volume of 529 lots.
The spice for delivery in October was up by Rs 8.90, or 1.08 per cent, to Rs 829.40 per kg, with a business volume of 224 lots.
Traders said rising export and spot demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.
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