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Cardamom up on 1.3% spot demand

marriage season triggered the uptrend in demand

Press Trust of India New Delhi
Cardamom futures for February rose by Rs 13.80, or 1.37%, to Rs 1,020 per kg in 1,106 lots.

At the Multi Commodity Exchange (MCX), the March moved up by Rs 7.60, or 0.72%, to Rs 1,052.90 per kg in 679 lots.

Fresh positions by speculators driven by pick-up in spot market demand due to marriage season supported the trade.

Restricted arrivals from producing regions also helped the uptrend. 

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First Published: Feb 07 2013 | 2:17 PM IST

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