 "Cardamom up 0.2% on rising demand")
Cardamom prices remained higher for the second day and gained 0.17% to Rs 902.30 per kg in futures trading today as speculators enlarged positions amid a firm trend at spot market.
Tight stocks position on restricted arrivals from producing regions in the physical market also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in September gained Rs 1.50, or 0.17%, to Rs 902.30 per kg in a business turnover of 18 lots.
Market analysts said speculators enlarged positions on rising demand in the spot market which kept cardamom prices higher for the second day at futures trade.
Tight stocks position on restricted arrivals from producing regions in the physical market also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in September gained Rs 1.50, or 0.17%, to Rs 902.30 per kg in a business turnover of 18 lots.
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Likewise, the spice for delivery in August added 60 paise, or 0.06%, to Rs 935.60 per kg in 87 lots.
Market analysts said speculators enlarged positions on rising demand in the spot market which kept cardamom prices higher for the second day at futures trade.
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