Business Standard

Cardamom futures up 1.39 pc as participants widen positions

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Press Trust of India New Delhi
Cardamom prices rose 1.39 per cent to Rs 1,349.50 per kg in futures trade today as participants created huge speculative positions amid pick-up in domestic demand.
Furthermore, fall in arrivals from Kerala due to floods in several districts including largest cardamom growing-Idukki amid export demand lifted the cardamom prices in future trade here.
At the Multi Commodity Exchange, cardamom for delivery in October was trading higher by Rs 18.60, or 1.39 per cent, to Rs 1,349.50 per kg in a business turnover of 8 lots.
The spice for delivery in September traded higher by Rs 3.70, or 0.28 per cent, to Rs 1,348.20 per kg with trading volume of just one lot.
Analysts said speculative positions built up by traders on the back of pick-up in export and domestic demand against restricted arrivals, pushed up cardamom prices.

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First Published: Aug 31 2018 | 12:20 PM IST

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