 "Cardamom up by 0.4% on rising demand")
Amid rising domestic and exports demand, cardamom prices advanced by 0.39% to Rs 843 per kg in futures trade today as speculators enlarged positions.
Furthermore, restricted supplies from producing belts at spot markets supported the upside in cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in October month gained Rs 3.30, or 0.39%, to Rs 843 per kg in business turnover of 52 lots.
Market analysts said apart from rising domestic as well as export demand, restricted arrivals from producing regions mainly kept cardamom prices higher at futures trade.
Furthermore, restricted supplies from producing belts at spot markets supported the upside in cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in October month gained Rs 3.30, or 0.39%, to Rs 843 per kg in business turnover of 52 lots.
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Likewise, the spice for delivery in September contracts traded higher by Rs 2.40, or 0.29% to Rs 826.90 per kg in 67 lots.
Market analysts said apart from rising domestic as well as export demand, restricted arrivals from producing regions mainly kept cardamom prices higher at futures trade.
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