Cardamom gains by 0.9% on rising spot demand
Speculators built up huge positions, supported by rising domestic as well as exports demand in the spot market
 "Cardamom gains by 0.9% on rising spot demand")
Cardamom prices moved up by 0.98% to Rs 892 per kg in futures trade today after speculators built up huge positions, supported by rising domestic as well as exports demand in the spot market.
Furthermore, restricted arrivals from producing belts supported the upside.
Cardamom for delivery in April month rose by Rs 8.70, or 0.98% to Rs 892 per kg in business turnover of 72 lots at the Multi Commodity Exchange.
Market analysts said besides rising domestic and export demand in the spot market, restricted supplies from producing belts, mainly led to the rise in cardamom prices at futures trade.
Furthermore, restricted arrivals from producing belts supported the upside.
Cardamom for delivery in April month rose by Rs 8.70, or 0.98% to Rs 892 per kg in business turnover of 72 lots at the Multi Commodity Exchange.
Also Read
In a similar fashion, the spice for delivery in May contracts edged up by Rs 2.40, or 0.27% to Rs 896.90 per kg in 22 lots.
Market analysts said besides rising domestic and export demand in the spot market, restricted supplies from producing belts, mainly led to the rise in cardamom prices at futures trade.