Cardamom rises 1% on fresh spot demand
Restricted arrivals from producing regions supported the trade
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Cardamom futures for April surged by Rs 8.70, or 1%, to Rs 881.30 per kg in 813 lots.
On the Multi Commodity Exchange (MCX), the May contract gained by Rs 6.90, or 0.76%, to Rs 903.90 per kg in 153 lots.
Prices rose as speculators created fresh positions largely on the back of pick-up in spot markets demand.
Restricted arrivals from producing regions also supported the rise in prices.
On the Multi Commodity Exchange (MCX), the May contract gained by Rs 6.90, or 0.76%, to Rs 903.90 per kg in 153 lots.
Prices rose as speculators created fresh positions largely on the back of pick-up in spot markets demand.
Restricted arrivals from producing regions also supported the rise in prices.
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First Published: Apr 02 2013 | 2:25 PM IST