 "Cardamom up 2.7% on rising spot demand")
Cardamom prices today jumped by Rs 28.80 or 2.77% to Rs 1,067.40 per kg in futures market today after speculators enlarged their positions supported by good buying in spot markets.
Besides, tight stock position in spot market on restricted supplies from major producing belts supported cardamom prices uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 28.80, or 2.77%, to Rs 1,067.40 per kg in business turnover of 743 lots.
Market analysts said besides rise in demand in spot markets, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures trade.
Besides, tight stock position in spot market on restricted supplies from major producing belts supported cardamom prices uptrend.
At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 28.80, or 2.77%, to Rs 1,067.40 per kg in business turnover of 743 lots.
Also Read
In a similar fashion, spice for delivery in February gained Rs 20.90, or 1.94%, to Rs 1,095.80 per kg in 333 lots.
Market analysts said besides rise in demand in spot markets, tight supplies from producing regions mainly helped cardamom prices to trade higher 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%