 "Cardamom higher by 0.5% on tight stock")
Cardamom prices rose further 0.48% to Rs 820.50 per kg in futures trade today after traders widened their exposures, triggered by rising demand at spot markets amidst tight stocks position.
Further, firm export demand supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 4, or 0.48%, to Rs 820.50 per kg in a business turnover of 82 lots.
Market analysts said besides rise in demand at spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures trade.
Further, firm export demand supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 4, or 0.48%, to Rs 820.50 per kg in a business turnover of 82 lots.
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Spice for delivery in August gained Rs 3.50, or 0.43%, to Rs 813 per kg in 38 lots.
Market analysts said besides rise in demand at spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures trade.
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