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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.

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