Cardamom futures gain 1.97% on spot demand
At the Multi Commodity Exchange, cardamom for delivery in April increased by Rs 14, or 1.97 per cent, to Rs 722 per kg, in a business turnover of 609 lots.
By PTI | Updated:
NEW DELHI: Supported by a firm trend at the domestic spot market on rising demand, cardamom prices gained 1.97 per cent to trade at Rs 722 per kg in futures market today as speculators enlarged positions.
Moreover, restricted supplies in the physical markets from major producing belts supported the uptrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April increased by Rs 14, or 1.97 per cent, to Rs 722 per kg, in a business turnover of 609 lots.
Similarly, cardamom for delivery in May edged up by Rs 4.70, or 0.64 per cent, to Rs 737.30 per kg in 80 lots.
Analysts attributed the rise in cardamom prices at futures trade to a firming trend at spot markets on strong demand amid tight supplies from producing regions.
Moreover, restricted supplies in the physical markets from major producing belts supported the uptrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April increased by Rs 14, or 1.97 per cent, to Rs 722 per kg, in a business turnover of 609 lots.
Similarly, cardamom for delivery in May edged up by Rs 4.70, or 0.64 per cent, to Rs 737.30 per kg in 80 lots.
Analysts attributed the rise in cardamom prices at futures trade to a firming trend at spot markets on strong demand amid tight supplies from producing regions.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Kotak Mahindra Bank's hiring spree means jobs for 500 engineers as it eyes ginger and cardamom in chaiADVERTISEMENT
