Cardamom futures up 1.29 pc on spot demand
Cardamom prices rose by Rs 16.60 to Rs 1,306.20 per kg in futures trading today as speculators created fresh positions driven by pick up in demand in the spot market.
By PTI | Updated:
NEW DELHI: Cardamom prices rose by Rs 16.60 to Rs 1,306.20 per kg in futures trading today as speculators created fresh positions driven by pick up in demand in the spot market.
Tight supplies in the physical market and less arrivals from producing belts also influenced the cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 16.60, or 1.29 per cent, to Rs 1,306.20 per kg, with a business turnover of 528 lots.
Similarly, the spice for delivery in August traded higher by Rs 5.20, or 0.40 per cent, to Rs 1,291.30 per kg in 206 lots.
Traders said fresh buying by speculators on the back of pick up in demand in the spot market against less arrivals from producing regions led to the rise in cardamom prices at futures market.
Tight supplies in the physical market and less arrivals from producing belts also influenced the cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 16.60, or 1.29 per cent, to Rs 1,306.20 per kg, with a business turnover of 528 lots.
Similarly, the spice for delivery in August traded higher by Rs 5.20, or 0.40 per cent, to Rs 1,291.30 per kg in 206 lots.
Traders said fresh buying by speculators on the back of pick up in demand in the spot market against less arrivals from producing regions led to the rise in cardamom prices at futures market.
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