Cardamom up 1.4% as demand picks up
Tight stocks position following less arrivals from producing regions influenced cardamom prices
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Cardamom prices rose 1.46% to Rs 798 per kg in futures trade today as traders enlarged positions driven by pick-up in spot market demand.
The tight stocks position following less arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in in October rose by Rs 11.50, or 1.46%, to Rs 798 per kg, with a business turnover of 315 lots.
Similarly, the spice for delivery in November edged up by Rs 6.80, or 0.83%, to Rs 823.50 per kg with a business turnover of 34 lots.
Marketmen attributed the rise in cardamom future to pick up in spot market demand against restricted arrivals from producing belts.
The tight stocks position following less arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in in October rose by Rs 11.50, or 1.46%, to Rs 798 per kg, with a business turnover of 315 lots.
Similarly, the spice for delivery in November edged up by Rs 6.80, or 0.83%, to Rs 823.50 per kg with a business turnover of 34 lots.
Marketmen attributed the rise in cardamom future to pick up in spot market demand against restricted arrivals from producing belts.
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First Published: Sep 11 2013 | 1:03 PM IST