You are here: Home » Markets » Commodities » Other Commodities
Business Standard

Cardamom futures up 1.29% on spot demand

Press Trust of India  |  New Delhi 

Cardamom prices rose by Rs 21.40 to Rs 1,677 per kg in futures trade today as speculators enlarged their positions due to rising demand in the spot market.

Restricted arrivals in the physical market also influenced the cardamom prices in the futures trade.

At the Multi Commodity Exchange, cardamom for far-month September contract rose by Rs 21,40, or 1.29 per cent to Rs 1,677 per kg with an open interest of 2,331 lots.

The spice for delivery in July month contract also gained Rs 7.70, or 0.44 per cent to Rs 1,768.30 per kg in 2,637 lots. 

Tradesmen said rise in demand in the spot market amid low arrivals from producer regions led to the rise in cardamom prices at futures market here.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, June 24 2010. 13:00 IST