 "Cardamom up 0.3% on rising demand")
Amid rising domestic as well as exports demand, cardamom prices advanced by 0.30 per cent to Rs 957 per kg in futures trade today as speculators enlarged positions.
Further, tight stocks position in the physical market due to lower arrivals from producing regions supported uptrend.
At the Multi Commodity Exchange, cardamom for delivery in September added Rs 2.90, or 0.30 per cent to Rs 957 per kg in business turnover of 5 lots.
Market analysts said apart from firming trend at spot market on rising domestic and exports demand, restricted arrivals from producing belts kept cardamom prices higher for the second day at futures trade.
Further, tight stocks position in the physical market due to lower arrivals from producing regions supported uptrend.
At the Multi Commodity Exchange, cardamom for delivery in September added Rs 2.90, or 0.30 per cent to Rs 957 per kg in business turnover of 5 lots.
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Similarly, the spice for delivery in October traded higher by 90 paise, or 0.10 per cent to Rs 946.50 per kg in 71 lots.
Market analysts said apart from firming trend at spot market on rising domestic and exports demand, restricted arrivals from producing belts kept cardamom prices higher for the second day at futures trade.
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