Cardamom rise by 0.2% on rising demand
Participants enlarged bets on the back of rising demand in the spot market
 "Cardamom rise by 0.2% on rising demand")
Cardamom remained higher for the second straight day and prices advanced 0.16% to Rs 815.60 per kg in futures trading today as participants enlarged bets on the back of rising demand in the spot market.
Also, tight stock position in the physical market on limited arrivals from producing belts supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in October gained Rs 1.30, or 0.16% to Rs 815.60 per kg in a business turnover of 45 lots.
Similarly, the spice for delivery in November traded higher by Rs 1.20, or 0.14% to Rs 831.50 per kg in 18 lots.
Analysts said that apart from a firm trend at spot market on rising demand, restricted supplies from producing regions mainly kept cardamom prices up at futures trade.
Also, tight stock position in the physical market on limited arrivals from producing belts supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in October gained Rs 1.30, or 0.16% to Rs 815.60 per kg in a business turnover of 45 lots.
Similarly, the spice for delivery in November traded higher by Rs 1.20, or 0.14% to Rs 831.50 per kg in 18 lots.
Analysts said that apart from a firm trend at spot market on rising demand, restricted supplies from producing regions mainly kept cardamom prices up at futures trade.
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First Published: Sep 22 2015 | 11:42 AM IST