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Cardamom futures rise 3.75% on strong demand

Press Trust of India  |  New Delhi 

prices rose 3.75 per cent to Rs 1,165.50 per kg in futures trade today as participants built up fresh positions, tracking strong demand from the domestic spot market.

Besides, tight stocks position on fall in arrivals from growing regions also supported the rise.

At the Multi Commodity Exchange, for delivery in September was trading higher by Rs 42.10, or 3.75 per cent, to Rs 1,165.50 per kg in a business turnover of 42 lots.

The current month contract of the spice traded higher by Rs 20, or 1.78 per cent, to Rs 1,145 per kg with trading volume of just one lot.

Analysts said fresh positions created by traders due to pick-up in demand in spot market pushed up the prices.

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

First Published: Fri, August 10 2018. 11:45 IST