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Cardamom futures remain higher on rising export demand

Press Trust of India  |  New Delhi 

prices rose further by 3.87 per cent to Rs 949.90 per kg in futures trade today due to frantic buying by stockists and retailers tracking heavy demand from domestic and export markets.

Besides, worries on supply squeeze also triggered the upward trend.

At the Multi Commodity Exchange, for July contract edged higher by Rs 35.40, or 3.87 per cent, to Rs 949.90 per kg in a business turnover of 678 lots.

Likewise, the spice for delivery in August traded higher by Rs 26.30, or 2.90 per cent, at Rs 932 per kg with a trading volume of just 4 lots.

Traders said widening of positions by participants, driven by surge in demand from domestic and export markets against restricted supplies from producing regions, kept prices higher.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 11:55 IST