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Cardamom up 0.5% on spot demand

Spice for delivery in February edged up by 0.03%

Press Trust of India New Delhi
Amid pick-up in domestic demand and restricted arrivals from producing belt, cardamom prices moved up by 0.55% to Rs 727 per kg in futures trade today.

At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 4, or 0.55% to Rs 727 per kg in business turnover of 7 lots.

Likewise, the spice for delivery in February edged up by 20 paise, or 0.03% to Rs 713 per kg in 39 lots.

Market analysts said besides pick up in demand in the spot market, restricted arrivals from producing regions mainly influenced cardamom prices at futures trade.
 

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First Published: Jan 13 2014 | 12:42 PM IST

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