Cardamom up by 4% on spot demand

Tight stocks position in the spot market following lower arrivals influence the prices

Cardamom prices rose by 3.99% to Rs 883.60 per kg in futures trade today as traders enlarged their commitments, supported by a pick-up in export and domestic demand.

 

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

     

At the Multi Commodity Exchange, cardamom for delivery in August spurted by Rs 33.90, or 3.99%, to Rs 883.60 per kg, with a business turnover of 905 lots.

     

Similarly, the spice for delivery in September edged up by Rs 9.50, or 1.12%, to Rs 851.90 per kg with trading volume of 1,655 lots.