 "Cardamom up 0.7% on rising demand")
Continuing its winning streak for the fourth day in a row, cardamom prices moved up further by Rs 6.40 to Rs 944.50 per kg in futures trade today, taking positive cues from the spot markets.
Besides, tight stocks position in the physical market due to decline in arrivals from producing regions influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July added Rs 6.40, or 0.68%, to Rs 944.50 per kg in business turnover of 279 lots.
The rise in cardamom prices in futures trade was mostly supported by an upsurge in demand in the spot market against limited arrivals from producing belts.
Besides, tight stocks position in the physical market due to decline in arrivals from producing regions influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July added Rs 6.40, or 0.68%, to Rs 944.50 per kg in business turnover of 279 lots.
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In a similar manner, the spice for delivery in August gained Rs 4.60, or 0.50%, to Rs 920 per kg in 61 lots.
The rise in cardamom prices in futures trade was mostly supported by an upsurge in demand in the spot market against limited arrivals from producing belts.
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