 "Cardamom up 0.6% as demand picks up")
Cardamom prices rose by Rs 5 to Rs 779.30 per kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market amid lower arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 5, or 0.65%, to Rs 779.30 per kg in business turnover of 911 lots.
Likewise, cardamom for delivery in the August contract edged up by Rs 3.10, or 0.39%, to Rs 797 per kg in 247 lots.
Analysts said fresh positions created by speculators on the back of pick-up in demand in the spot market amid less arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 5, or 0.65%, to Rs 779.30 per kg in business turnover of 911 lots.
Likewise, cardamom for delivery in the August contract edged up by Rs 3.10, or 0.39%, to Rs 797 per kg in 247 lots.
Analysts said fresh positions created by speculators on the back of pick-up in demand in the spot market amid less arrivals from producing regions mainly led to rise in cardamom prices at futures trade.