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Cardamom futures up 1.34% on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:11 AM IST

Cardamom prices rose by Rs 17.60, or 1.34 per cent, to Rs 1,333 per kg in futures trade today, as speculators enlarged their positions, driven by pick up in demand at spot markets.

Restricted arrivals from producing regions also influenced the trading sentiment.

At the Multi Commodity Exchange platform, cardamom for September rose Rs 17.60, or 1.34 per cent, to Rs 1,333 per kg, with an open interest of 1,829 lots.

Similarly, the spice for October gained Rs 7.70, or 0.64 per cent to Rs 1,207 per kg, with an open interest of 1,766 lots.

Market analysts said speculators enlarged their positions on pick up in demand at spot markets amid restricted arrivals from the Southern regions mainly supported the rise in cardamom prices at futures trade.

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First Published: Aug 30 2010 | 12:44 PM IST

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