Cardamom up 2.5% on spot demand
Spice for delivery in May gained 0.13%
)
Cardamom prices rose by 2.55% to Rs 945 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 April delivery surged Rs 23.50, or 2.55%, to Rs 945 per kg in a business volume of 124 lots.
The spice for delivery in May gained Rs 1.20, or 0.13%, to Rs 911 per kg in a business volume of 473 lots.
Traders said that besides restricted supplies from producing belts, strong export and domestic demand also 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 April delivery surged Rs 23.50, or 2.55%, to Rs 945 per kg in a business volume of 124 lots.
The spice for delivery in May gained Rs 1.20, or 0.13%, to Rs 911 per kg in a business volume of 473 lots.
Traders said that besides restricted supplies from producing belts, strong export and domestic demand also influenced cardamom prices at futures trade.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 09 2014 | 11:38 AM IST