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Cardamom futures surge on firm spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:13 PM IST

Cardamom prices surged by Rs 20.60 to Rs 797 per kg in futures trade today on fresh buying by traders on the back of a firming trend at the spot markets. 

At the Multi Commodity Exchange, cardamom prices for July rose by Rs 20.60, or 2.65%, to Rs 797 per kg, with a business turnover of 789 lots.  

The June contract moved up by Rs 16.20, or 2.24%, to Rs 741 per kg in 302 lots.  

Market analysts said besides less arrivals, rising demand in the spot market mainly pushed up cardamom futures prices.

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First Published: Jun 13 2011 | 1:58 PM IST

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