 "Cardamom rises by 0.8% as demand picks up")
Cardamom prices rose by 0.80% to Rs 818.30 per kg in futures trade today amid a pickup in domestic demand and restricted arrivals from producing regions.
At Multi Commodity Exchange, cardamom for delivery in June rose by Rs 6.50, or 0.80% to Rs 818.30 per kg in a business turnover of 91 lots.
Likewise, the spice for delivery in August contracts edged up by Rs 5.90, or 0.74% to Rs 798.00 per kg in 6 lots.
Traders said fresh positions built up by speculators due to pickup in demand against restricted supplies from producing regions, mainly led to rise in cardamom prices in futures trade.
At Multi Commodity Exchange, cardamom for delivery in June rose by Rs 6.50, or 0.80% to Rs 818.30 per kg in a business turnover of 91 lots.
Likewise, the spice for delivery in August contracts edged up by Rs 5.90, or 0.74% to Rs 798.00 per kg in 6 lots.
Traders said fresh positions built up by speculators due to pickup in demand against restricted supplies from producing regions, mainly led to rise in cardamom prices in futures trade.