Cardamom up by 2.1% on spot demand

Cardamom prices up by 2.12% to Rs 758 per kg in futures trade today after speculators built up positions supported by rising demand at spot markets.

 

Besides, tight stocks position in the spot market following lower arrivals from producing regions also influenced prices.

 

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 15.80, or 2.12%, to Rs 758 per kg, with a business turnover of 877 lots.

 

The spice for delivery in December increased by Rs 7.50, or 0.99%, to Rs 762.40 per kg with a trading volume of 253 lots.

 

Traders said firm demand in the physical market against restricted arrivals from producing belts mainly influenced cardamom prices at futures trade.