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Uptick in demand lifts cardamom futures by 1.81%

Press Trust of India  |  New Delhi 

Amid pick up in demand in the domestic spot market against restricted supplies from producing belts, cardamom prices shot up by 1.81 per cent to Rs 1,110 per kg in futures trading today as participants built up fresh positions.

At Multi Commodity Exchange, cardamom for delivery in September jumped up by Rs 19.80, or 1.81 per cent to Rs 1,110 per kg in business turnover of 34 lots.

Likewise, the spice for delivery in far-month December contract traded higher by Rs 2.20, or 0.21 per cent to Rs 1,032.20 per kg with trading volume of just one lot.

Analysts said fresh positions created by traders due to pick up in demand in the spot market against restricted arrivals from producing regions, mainly pushed up 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, August 10 2017. 12:48 IST