Cardamom futures up 1.89% on spot demand
Cardamom prices rose by 1.89 per cent to Rs 703 per kg in futures trade today as speculators created fresh positions amid low stocks.
By PTI |
NEW DELHI: Cardamom prices rose by 1.89 per cent to Rs 703 per kg in futures trade today as speculators created fresh positions amid low stocks.
Besides, restricted arrivals from producing regions also supported the rise in prices, traders said.
On the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 13.10, or 1.89 per cent, to Rs 703 per kg, with a business volume of 1,086 lots.
The spice for July delivery rose by Rs 5.80, or 0.80 per cent, to Rs 726 per kg, with a business volume of 841 lots.
Traders said pick-up in spot demand against restricted arrivals from producing regions led to a rise in cardamom prices futures prices.
Besides, restricted arrivals from producing regions also supported the rise in prices, traders said.
On the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 13.10, or 1.89 per cent, to Rs 703 per kg, with a business volume of 1,086 lots.
The spice for July delivery rose by Rs 5.80, or 0.80 per cent, to Rs 726 per kg, with a business volume of 841 lots.
Traders said pick-up in spot demand against restricted arrivals from producing regions led to a rise in cardamom prices futures prices.
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