Cardamom up 2% on rising demand
Spice for delivery in December gained 0.59%
)
Cardamom prices rose for the second straight day by adding 2.02% to Rs 859.70 per kg in futures trading today as speculators engaged in enlarging positions amid a firm trend at spot market on rising demand in the spot market.
Further, limited arrivals from producing regions and exports enquiries fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November shot up by Rs 17, or 2.02%, to Rs 859.70 per kg in a business turnover of 335 lots.
Similarly, the spice for delivery in December gained Rs 5, or 0.59%, to Rs 848.60 per kg in 42 lots.
Analysts said apart from firming trend at spot market on rising demand, restricted arrivals from producing belts mainly kept cardamom prices higher at futures trade.
Further, limited arrivals from producing regions and exports enquiries fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November shot up by Rs 17, or 2.02%, to Rs 859.70 per kg in a business turnover of 335 lots.
Similarly, the spice for delivery in December gained Rs 5, or 0.59%, to Rs 848.60 per kg in 42 lots.
Analysts said apart from firming trend at spot market on rising demand, restricted arrivals from producing belts mainly kept cardamom prices higher at futures trade.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 21 2014 | 11:40 AM IST