Cardamom rises by 2.5% on rising spot demand
Speculators enlarged positions amid pick-up in domestic as well as export demand
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Cardamom prices rose 2.55% to Rs 824 per kg in futures trade today as speculators enlarged positions amid pick-up in domestic as well as export demand.
At the Multi Commodity Exchange, cardamom for delivery in April gained Rs 20.50, or 2.55%, to Rs 824 per kg in a business turnover of 4 lots.
Similarly, the spice for delivery in May edged higher by Re one, or 0.12%, to Rs 856.10 per kg in 140 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing belts mainly kept cardamom prices higher at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in April gained Rs 20.50, or 2.55%, to Rs 824 per kg in a business turnover of 4 lots.
Similarly, the spice for delivery in May edged higher by Re one, or 0.12%, to Rs 856.10 per kg in 140 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing belts mainly kept cardamom prices higher at futures trade.
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First Published: Apr 10 2015 | 12:32 PM IST