Cardamom up by 0.4% on rising demand
Speculators enlarged positions on the back of rising demand in the spot market
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Cardamom prices rose 0.43% to Rs 790.10 per kg in futures trade today amid rising demand in spot markets.
At the Multi Commodity Exchange, cardamom for delivery in December advanced by Rs 3.40, or 0.43%, to Rs 790.10 per kg in a business turnover of 152 lots.
Likewise, the spice for delivery in January next year gained Rs 3.40, or 0.40%, to Rs 861.90 per kg in 52 lots.
Analysts said speculators enlarged positions on the back of rising demand in the spot market which mainly influenced cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in December advanced by Rs 3.40, or 0.43%, to Rs 790.10 per kg in a business turnover of 152 lots.
Likewise, the spice for delivery in January next year gained Rs 3.40, or 0.40%, to Rs 861.90 per kg in 52 lots.
Analysts said speculators enlarged positions on the back of rising demand in the spot market which mainly influenced cardamom prices at futures trade.
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First Published: Dec 05 2014 | 12:15 PM IST