Cardamom futures up on rising demand
Restricted arrivals from southern producing regions also supported the uptrend
Cardamom futures prices today rose by Rs 19.10 to Rs 1,380 per kg as speculators created fresh positions, tracking a firming trend at the spot market on pick-up in demand.
Restricted arrivals from southern producing regions also supported the uptrend in cardamom futures prices.
At the MCX, cardamom for delivery in August rose by Rs 19.10, or 1.40%, to Rs 1,380 per kg in a business turnover of 18 lots.
The June contract moved up by Rs 8.70, or 0.65%, to Rs 1,355.20 per kg in 176 lots.
Market analysts said fresh buying by speculators on the back of pick-up in spot demand, mainly led to the rise in cardamom prices at futures trade.