Cardamom up 0.1% on spot demand

Spice for delivery in January edged up by 0.17%

Cardamom rose by 0.19% to Rs 745.40 per kg in futures trade today as speculators indulged in creating fresh positions after a rise in demand in the spot market.

 

Tight stocks position in the physical market following restricted arrivals from producing regions too supported the uptrend.

 

At the Multi Commodity Exchange, cardamom for delivery in December rose by Rs 1.40, or 0.19%, to Rs 745.40 per kg in business turnover of 105 lots.

 

Similarly, the spice for delivery in January edged up by Rs 1.30, or 0.17%, to Rs 775.50 per kg in 21 lots.

 

Analysts said speculators indulged in creating fresh positions on the back of a rise in demand in the spot market against limited arrivals from producing region which mainly led to rise in cardamom prices at futures trade.