Cardamom futures up on spot demand
Cardamom for delivery this month gained Rs 2, or 0.24 per cent to Rs 846.00 per kg in a business turnover of 5 lots.
By PTI | Updated:
NEW DELHI: Cardamom prices advanced 0.24 per cent to Rs 846.00 per kg in futures trading today on the back of rising demand at the spot market.
Besides, restricted arrivals from producing regions supported the upside.
At the Multi Commodity Exchange, cardamom for delivery this month gained Rs 2, or 0.24 per cent to Rs 846.00 per kg in a business turnover of 5 lots.
Similarly, the spice for delivery in August contracts traded higher by 70 paise, or 0.09 per cent to Rs 814.70 per kg in 95 lots.
Market analysts said besides pickup in demand at the spot market, restricted supplies from producing belts mainly kept cardamom prices higher at futures trade.
Besides, restricted arrivals from producing regions supported the upside.
At the Multi Commodity Exchange, cardamom for delivery this month gained Rs 2, or 0.24 per cent to Rs 846.00 per kg in a business turnover of 5 lots.
Similarly, the spice for delivery in August contracts traded higher by 70 paise, or 0.09 per cent to Rs 814.70 per kg in 95 lots.
Market analysts said besides pickup in demand at the spot market, restricted supplies from producing belts mainly kept cardamom prices higher at futures trade.
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