Cardamom up 0.5% on spot demand

Tight stocks position in the spot market also contributes to the rise

Cardamom prices rose by 0.49% to Rs 751.10 a kg in futures trade today as traders enlarged their commitments, supported by a pick-up in export and domestic demand.

 

Besides, tight stocks position in the spot market following lower arrivals from producing regions also influenced prices, traders said.

 

At the Multi Commodity Exchange, cardamom for delivery in October rose by Rs 3.70, or 0.49%, to Rs 751.10 a kg, with a business turnover of 358 lots.

 

Similarly, the spice for delivery in November edged up by Rs 2.10, or 0.26%, to Rs 792.40 a kg in 34 lots.