 "Cardamom futures extend gains, up 0.21 on tight supply")
Cardamom extended gains for the second straight day by gaining 0.21 per cent to Rs 781.80 per kg in futures trading today as speculators engaged in enlarging positions, supported by a rising demand in the spot market.
Besides, tight supplies following restricted arrivals from growing regions boosted the sentiment.
At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 1.60, or 0.21 per cent, to Rs 781.80 per kg in a business turnover of 68 lots.
Analysts said besides rising demand in the spot market driven by ongoing marriage season mainly kept cardamom prices higher at futures trade.
Besides, tight supplies following restricted arrivals from growing regions boosted the sentiment.
At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 1.60, or 0.21 per cent, to Rs 781.80 per kg in a business turnover of 68 lots.
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Similarly, the spice for delivery in December edged up by Rs 1.50, or 0.20 per cent, to Rs 752.50 per kg in 289 lots.
Analysts said besides rising demand in the spot market driven by ongoing marriage season mainly kept cardamom prices higher at futures trade.