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Cardamom futures up on rising demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:39 AM IST

Supported by a rising demand due to marriage season, cardamom prices rose by Rs 6.60 to Rs 647.30 per kg in futures trade today.

Tight stock availability following less arrivals from producing regions further fuelled the uptrend.

At the Multi Commodity Exchange, February cardamom rose by Rs 6.60, or 1.03%, to Rs 647.30 per kg in business turnover of 1,457 lots.

The March delivery gained Rs 6.70, or 1.00% to Rs 675.40 per kg in 356 lots.

Traders said firming trend at spot market following pick-up in demand in the spot market in view of marriage season amid restricted arrivals from producing region mainly led to rise in cardamom prices at futures trade.

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First Published: Jan 17 2012 | 11:51 AM IST

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