Cardamom up 2.4% on spot demand
Spice for delivery in June gained 2.24%
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Cardamom prices rose by 2.49% to Rs 936.30 per kg in futures trade today as speculators indulged in enlarging positions amid restricted arrivals.
Further, firm export demand in the spot market also supported the upside.
On the Multi Commodity Exchange, cardamom for May delivery surged by Rs 22.80, or 2.49%, to Rs 936.30 per kg in a business volume of 795 lots.
The spice for delivery in June gained Rs 21.10, or 2.24%, to Rs 962 per kg in a business volume of 140 lots.
Traders said besides restricted supplies from producing belts, strong export and domestic demand mainly influenced cardamom prices at futures trade.
Further, firm export demand in the spot market also supported the upside.
On the Multi Commodity Exchange, cardamom for May delivery surged by Rs 22.80, or 2.49%, to Rs 936.30 per kg in a business volume of 795 lots.
The spice for delivery in June gained Rs 21.10, or 2.24%, to Rs 962 per kg in a business volume of 140 lots.
Traders said besides restricted supplies from producing belts, strong export and domestic demand mainly influenced cardamom prices at futures trade.
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First Published: Apr 21 2014 | 1:40 PM IST