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Cardamom up on pick-up in demand

March cardamom moved up by Rs 1.40, or 0.15% to Rs 965.90 per kg in business turnover of 451 lots

Press Trust of India New Delhi
Cardamom prices moved up by Rs 1.40 to Rs 965.90 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand.

Tight stocks availability in the physical market following less arrivals from producing belts further fuelled the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in March moved up by Rs 1.40, or 0.15% to Rs 965.90 per kg in business turnover of 451 lots.

In a similar fashion, the spice for delivery in April edged up by Rs 1.10, or 0.11% to Rs 105.10 per kg in 59 lots.

Market analysts said speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand against restricted arrivals from producing belt mainly influenced cardamom prices at futures trade. 

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First Published: Feb 28 2013 | 3:27 PM IST

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