 "Cardamom up 1.8% on increased demand")
Extending gains for the third- straight day, cardamom prices rose by another 1.83% to Rs 1,020 per kg in futures trading today as speculators enlarged positions following increased demand amid a firming trend at producing belts.
At the Multi Commodity Exchange, cardamom for delivery in May shot up by Rs 18.30, or 1.83% to Rs 1,020 per kg in business turnover of 36 lots.
Similarly, the spice for delivery in June contracts moved up by Rs 11.90, or 1.23% to Rs 978 per kg in 482 lots.
Analysts said apart from increased domestic and export demand in the spot market, reports of a firming trend at growing regions, mainly influenced cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in May shot up by Rs 18.30, or 1.83% to Rs 1,020 per kg in business turnover of 36 lots.
Similarly, the spice for delivery in June contracts moved up by Rs 11.90, or 1.23% to Rs 978 per kg in 482 lots.
Analysts said apart from increased domestic and export demand in the spot market, reports of a firming trend at growing regions, mainly influenced cardamom prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%