Cardamom up 0.2% on rising demand
Tight supplies in the physical market on restricted arrivals from producing regions fuelled the uptrend
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Cardamom prices gained 0.23% to Rs 743 per kg in futures trading today as speculators enlarged their positions on the back of rising demand in the spot market against tight supplies.
Tight supplies in the physical market on restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 1.70, or 0.23%, to Rs 743 per kg in business turnover of 70 lots.
Similarly, the spice for delivery in December traded higher by Rs 1.50, or 0.20%, to Rs 769 per kg in 4 lots.
Market analysts said speculators enlarged their positions on the back of rising demand in the spot market against tight supplies following restricted arrivals from producing belts, mainly influenced cardamom prices at futures trade.
Tight supplies in the physical market on restricted arrivals from producing regions further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 1.70, or 0.23%, to Rs 743 per kg in business turnover of 70 lots.
Similarly, the spice for delivery in December traded higher by Rs 1.50, or 0.20%, to Rs 769 per kg in 4 lots.
Market analysts said speculators enlarged their positions on the back of rising demand in the spot market against tight supplies following restricted arrivals from producing belts, mainly influenced cardamom prices at futures trade.
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First Published: Oct 18 2013 | 12:31 PM IST