 "Cardamom up by 0.7% on rising demand")
Cardamom futures extended gains for the second straight day with prices surging 0.74% to Rs 682.40 per kg as speculators enlarged their positions tracking firming trend at spot market on rising demand.
Further, tight stocks position in the physical market following less arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January gained Rs 5, or 0.74%, to Rs 682.40 per kg in business turnover of 160 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on rising demand against tight supplies from producing regions, mainly helped cardamom prices to extend gains for the second day at futures trade.
Further, tight stocks position in the physical market following less arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January gained Rs 5, or 0.74%, to Rs 682.40 per kg in business turnover of 160 lots.
Also Read
Similarly, the spice for delivery in February traded higher by Rs 1.90, or 0.27%, to Rs 704.70 per kg in 45 lots.
Analysts said speculators enlarged their positions, tracking a firm trend at spot market on rising demand against tight supplies from producing regions, mainly helped cardamom prices to extend gains for the second day 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%