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Cardamom rises 1.52% on strong demand, tight supply

Investors created fresh positions on lower arrivals from key producing areas

Press Trust of India New Delhi
Cardamom prices traded higher by 1.52 per cent to Rs 954 per kg in futures market today as investors created fresh positions.

At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 14.30, or 1.52 per cent, to Rs 954 per kg in a business turnover of 36 lots.

The April contract gained Rs 8.90, or 0.91 per cent, to Rs 985.30 per kg in 255 lots.

Analysts attributed the rise in cardamom prices at futures trade to strong demand in the spot market amid tight supplies from producing regions.
 

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First Published: Mar 25 2015 | 11:48 AM IST

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