Cardamom up 0.5% on spot demand
Restricted arrival supported the trade
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Cardamom prices rose by Rs 3.80 to Rs 761.30 per kg in futures trade today largely in tandem with a firming spot markets trend on pick-up in demand amid restricted arrivals.
On the Multi Commodity Exchange (MCX), the July contract surged by Rs 3.80, or 0.50%, to Rs 761.30 per kg in 65 lots.
The spice for delivery in June gained Rs 3, or 0.41%, to Rs 732 per kg in a business volume of 475 lots.
Traders said pick-up in demand in the spot market against restricted arrivals from producing regions resulted into the rise in cardamom prices in the futures market.
On the Multi Commodity Exchange (MCX), the July contract surged by Rs 3.80, or 0.50%, to Rs 761.30 per kg in 65 lots.
The spice for delivery in June gained Rs 3, or 0.41%, to Rs 732 per kg in a business volume of 475 lots.
Traders said pick-up in demand in the spot market against restricted arrivals from producing regions resulted into the rise in cardamom prices in the futures market.
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First Published: May 31 2013 | 2:56 PM IST