Cardamom up 1.1% on high demand
Delivery in February up by 0.95%
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Cardamom futures rose by 1.14% to Rs 756.90 per kg in futures trade today as speculators indulged in enlarging their positions amid thin arrivals.
Sentiment improved further on account of a firm demand in the Spot market against restricted arrivals.
At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 8.60, or 1.14%, to Rs 756.90 per kg, with a business turnover of 259 lots.
The delivery in February also up by Rs 6.90, or 0.95%, to Rs 728 per kg, with a trading volume of 426 lots.
Market analysts said rising spot and exporters demand against restricted arrivals from producing regions, mainly influenced cardamom prices at futures market.
Sentiment improved further on account of a firm demand in the Spot market against restricted arrivals.
At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 8.60, or 1.14%, to Rs 756.90 per kg, with a business turnover of 259 lots.
The delivery in February also up by Rs 6.90, or 0.95%, to Rs 728 per kg, with a trading volume of 426 lots.
Market analysts said rising spot and exporters demand against restricted arrivals from producing regions, mainly influenced cardamom prices at futures market.
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First Published: Jan 27 2014 | 12:48 PM IST