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Cardamom futures up by 1.29% on strong demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:37 AM IST

Supported by rising demand at the physical market, cardamom continued its upward march and prices rose by another Rs 19.50 to Rs 1,531.50 per kg in futures trading today.

At the Multi Commodity Exchange counter, cardamom for delivery in January surged by Rs 19.50, or 1.29 per cent, to Rs 1531.50 per kg, with an open interest of just one lot.

Similarly, the spice for delivery in February rose by Rs 14.60, or 0.93 per cent to Rs 1591.70 per kg, with a business turnover of just one lot.

Market analysts said rising demand at the spot markets amid tight supplies mainly influenced cardamom futures prices here.

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First Published: Dec 24 2010 | 2:35 PM IST

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