 "Cardamom futures gain 0.78% on rising demand, tight supply")
Cardamom prices gained 0.78% to Rs 734.20 per kg in futures trade today as speculators created fresh positions, driven by a rising demand in the spot market.
Besides, export enquiries and tight supply due to less arrivals from growing regions fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in December gained Rs 5.70, or 0.78%, to Rs 734.20 per kg in business turnover of 364 lots.
Analysts said fresh positions built-up by speculators on the back of rising demand in the spot market against tight supplies from producing regions mainly led to rise in cardamom prices at futures trade.
Besides, export enquiries and tight supply due to less arrivals from growing regions fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in December gained Rs 5.70, or 0.78%, to Rs 734.20 per kg in business turnover of 364 lots.
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Similarly, the spice for delivery in January traded higher by Rs 5.50, or 0.73%, to Rs 764 per kg in 81 lots.
Analysts said fresh positions built-up by speculators on the back of rising demand in the spot market against tight supplies from producing regions mainly led to rise in cardamom prices at futures trade.