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Uptick in demand lifts cardamom futures by 2.91%

Press Trust of India  |  New Delhi 

Amid pick-up in demand at the domestic spot market against restricted supplies from producing belts, prices shot up by 2.91 per cent, or Rs 32.90, to Rs 1,162 per kg in futures trade today as participants built up fresh positions.

Further, tight supplies from the major producing regions too supported the uptrend in prices.

At the Multi Commodity Exchange, for delivery in February was trading higher by Rs 32.90, or 2.91 per cent, at Rs 1,162 per kg in a business turnover of 5 lots.

Likewise, the spice for delivery in March traded higher by Rs 7.60, or 0.66 per cent, at Rs 1,145 per kg with a trading volume of 12 lots.

Analysts said fresh positions created by traders due to pick-up in demand at the spot market against restricted arrivals from producing regions pushed up cardamom prices in futures trade.

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

First Published: Thu, February 15 2018. 11:15 IST