Cardamom 0.4% on pick-up in demand

Analysts said fresh positions built-up by speculators due to pick-up in demand in the spot market led to rise in cardamom prices

Cardamom prices rebounded by 0.47% to Rs 807 per kg in futures trading today as speculators indulged in creating fresh positions after pick-up in demand in the spot market amid restricted arrivals from producing regions.

At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 3.80, or 0.47%, to Rs 807 per kg in business turnover of 39 lots.

Similarly, the spice for delivery in March traded higher by Rs 3.40, or 0.44%, to Rs 777.30 per kg in 134 lots.

Analysts said fresh positions built-up by speculators due to pick-up in demand in the spot market amid restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.