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Cardamom futures rise as demand picks up

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:12 AM IST

Cardamom prices rose by Rs 4.90 to Rs 734.60 per kg in futures trade today on rise in spot market demand.

Tight stocks position following less arrivals from producing region also supported the uptrend.

At the Multi Commodity Exchange, October cardamom rose by Rs 4.90, or 0.67% to Rs 734.60 per kg in a business turnover of 77 lots.

The September contract edged up by Rs 1.70, or 0.26% to Rs 656 per kg in 22 lots.

Market analysts said, besides rising demand in the spot market, restricted arrivals from producing region mainly led to the rise in cardamom futures prices.

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First Published: Sep 14 2011 | 1:44 PM IST

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