Cardamom up by 2% on rising demand

Cardamom prices moved up by 2.04% to Rs 771.30 per kg in futures trade today as speculators enlarged their positions, tracking a firm trend at spot market.

     

Tight supplies in the physical market on restricted arrivals from producing regions also supported the uptrend.

     

At the Multi Commodity Exchange, cardamom for delivery in September month moved up by Rs 15.40, or 2.04% to Rs 771.30 per kg in business turnover of 77 lots.

     

Similarly, the spice for delivery in October gained Rs 4.30, or 0.54% to Rs 807 per kg in 541 lots.

 

     

Analysts said firm trend at spot market on rising demand against restricted arrivals from producing region mainly led to rise in cardamom prices at futures trade.