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Spot demand lifts cardamom futures by 0.32 pc

Press Trust of India  |  New Delhi 

Cardamom prices were up 0.32 per cent to Rs 1,377.30 per kg in futures trade today after traders enlarged their positions, taking positive cues from spot market on rising domestic and demand.

At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 4.40, or 0.32 per cent, to Rs 1,377.30 per kg, in a business turnover of 20 lots.

Similarly, spice for delivery in April gained Rs 3.60, or 0.25 per cent, to Rs 1,400 per kg in 29 lots.

Analysts said the rise in cardamom futures was mostly supported by uptick in domestic as well as demand in the spot market against tight stocks following restricted arrivals from producing belts.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 12:22 IST