Cardamom futures remain up on firm spot demand
Cardamom rose by Rs 4 to Rs 1,337.60 per kg in futures trading today as speculators engaged in enlarging positions amid rising spot market demand.
By PTI | Updated:
NEW DELHI: Cardamom rose by Rs 4 to Rs 1,337.60 per kg in futures trading today as speculators engaged in enlarging positions amid rising spot market demand.
At the Multi Commodity Exchange, cardamom for delivery in August added Rs 4, or 0.30 per cent, to Rs 1,337.60 per kg, with a business turnover of 57 lots.
In a similar fashion, the spice for delivery in September gained Rs 2.40, or 0.18 per cent, to Rs 1,317 per kg in 16 lots.
Market analysts said besides rising demand in the spot market, tight stocks availability in the physical market following restricted arrivals from producing belts also influenced cardamom prices, traders said.
At the Multi Commodity Exchange, cardamom for delivery in August added Rs 4, or 0.30 per cent, to Rs 1,337.60 per kg, with a business turnover of 57 lots.
In a similar fashion, the spice for delivery in September gained Rs 2.40, or 0.18 per cent, to Rs 1,317 per kg in 16 lots.
Market analysts said besides rising demand in the spot market, tight stocks availability in the physical market following restricted arrivals from producing belts also influenced cardamom prices, traders said.
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