 "Cardamom 0.4% on pick-up in demand")
Cardamom prices rebounded by 0.47% to Rs 807 per kg in futures trading today as speculators indulged in creating fresh positions after pick-up in demand in the spot market amid restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 3.80, or 0.47%, to Rs 807 per kg in business turnover of 39 lots.
Similarly, the spice for delivery in March traded higher by Rs 3.40, or 0.44%, to Rs 777.30 per kg in 134 lots.
Analysts said fresh positions built-up by speculators due to pick-up in demand in the spot market amid restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 3.80, or 0.47%, to Rs 807 per kg in business turnover of 39 lots.
Similarly, the spice for delivery in March traded higher by Rs 3.40, or 0.44%, to Rs 777.30 per kg in 134 lots.
Analysts said fresh positions built-up by speculators due to pick-up in demand in the spot market amid restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.