 "Cardamom up 0.11% on spot demand")
Amid pickup in demand in the spot markets, cardamom futures traded marginally higher at Rs 825 per kg trade today as participants created positions.
Further, tight stock position in the physical market on restricted supplies from producing belts supported the upside.
At the Multi Commodity Exchange cardamom for delivery in July month traded higher by 90 paise, or 0.11 per cent to Rs 825 per kg in business turnover of 7 lots.
Analysts said speculators built up fresh positions on the rise in demand in the spot market against tight supplies from producing belts mainly influenced cardamom prices at futures trade.
Further, tight stock position in the physical market on restricted supplies from producing belts supported the upside.
At the Multi Commodity Exchange cardamom for delivery in July month traded higher by 90 paise, or 0.11 per cent to Rs 825 per kg in business turnover of 7 lots.
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The June contract edged up by 20 paise, or 0.02 per cent to Rs 843.10 per kg in 79 lots.
Analysts said speculators built up fresh positions on the rise in demand in the spot market against tight supplies from producing belts mainly influenced cardamom prices at futures trade.
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