Cardamom up by 2% on rising demand
Speculators enlarged their exposure, driven by rising demand in the market
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Cardamom prices today rose Rs 8.60, or 1.07%, to Rs 808.80 per kg in futures market after speculators enlarged their exposure, driven by rising demand in the market.
Cardamom for delivery in July contracts rose by Rs 8.60, or 1.07%, to Rs 808.80 per kg in a business turnover of 201 lots in futures trading at Multi Commodity Exchange.
Similarly, spice for delivery in August was up Rs 6.50, or 0.82%, to trade at Rs 793 per kg in 10 lots.
Analysts said tight supplies from producing regions mainly pushed up cardamom prices in futures trade.
Cardamom for delivery in July contracts rose by Rs 8.60, or 1.07%, to Rs 808.80 per kg in a business turnover of 201 lots in futures trading at Multi Commodity Exchange.
Similarly, spice for delivery in August was up Rs 6.50, or 0.82%, to trade at Rs 793 per kg in 10 lots.
Analysts said tight supplies from producing regions mainly pushed up cardamom prices in futures trade.
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First Published: Jun 09 2015 | 12:22 PM IST