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Cardamom futures rise 0.42% as demand picks up

Press Trust of India  |  New Delhi 

Amid pick up in domestic as well as demand in the spot market, cardamom prices were higher by 0.42 per cent to Rs 1,190 per kg in futures trade today as speculators built up fresh positions.

At the Multi Commodity Exchange, cardamom for delivery in October went up by Rs 5, or 0.42 per cent to Rs 1,190 per kg in business turnover of 9 lots.

Similarly, the spice for delivery in November contracts edged up by Rs 1.80, or 0.15 per cent to Rs 1,171 per kg in 1 lot.

Market analysts said fresh positions created by participants due to pick up in domestic and demand in the physical market against restricted supplies from producing belts mainly led to rise in cardamom prices at futures trade.

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

First Published: Mon, September 11 2017. 11:42 IST