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Uptick in demand lifts cardamom futures by 0.90%

Press Trust of India  |  New Delhi 

Amid pick up in domestic and demand at the spot markets against restricted supplies from producing belts, cardamom prices edged up by 0.90 per cent to Rs 945 per kg in futures trading today as speculators built up fresh positions.

At the Multi Commodity Exchange, cardamom for delivery in December traded higher by Rs 8.40, or 0.90 per cent to Rs 945 per kg in business turnover of 316 lots.

Marketmen said fresh positions created by participants after upsurge in domestic as well as demand in the physical market against tight stocks position on fall in arrivals from growing regions, mainly influenced cardamom prices at futures trade.

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

First Published: Thu, November 09 2017. 11:13 IST