Cardamom futures up on seasonal demand
At the Multi Commodity Exchange, cardamom for delivery in November moved up by Rs 3.60, or 0.27 per cent, to Rs 906.20 per kg, with a business turnover of 103 lots.
By PTI |
NEW DELHI: Cardamom prices moved up by Rs 3.60 to Rs 906.20 per kg in futures trading today as speculators created fresh positions supported by an upsurge in demand in the spot market on account of 'Navratras' festival.
At the Multi Commodity Exchange, cardamom for delivery in November moved up by Rs 3.60, or 0.27 per cent, to Rs 906.20 per kg, with a business turnover of 103 lots.
Similarly, the spice for delivery in December traded higher by Rs 2.20, or 0.23 per cent, to Rs 946.50 per kg in four lots.
Marketmen said fresh positions built-up by speculators due to pick up in demand in the spot market, driven by ongoing 'Navratras' festival amid lower arrivals from producing belts mainly helped cardamom futures to trade higher at futures market.
At the Multi Commodity Exchange, cardamom for delivery in November moved up by Rs 3.60, or 0.27 per cent, to Rs 906.20 per kg, with a business turnover of 103 lots.
Similarly, the spice for delivery in December traded higher by Rs 2.20, or 0.23 per cent, to Rs 946.50 per kg in four lots.
Marketmen said fresh positions built-up by speculators due to pick up in demand in the spot market, driven by ongoing 'Navratras' festival amid lower arrivals from producing belts mainly helped cardamom futures to trade higher at futures market.
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