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Cardamom futures up on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Cardamom prices rose by Rs 22.50 to Rs 955 per kg in futures trade today as speculators created fresh positions on the back of a firming spot market trend on pick-up in demand.

Restricted arrivals from producing region also influenced the cardamom prices.

At the Multi Commodity Exchange, cardamom for June delivery rose by Rs 22.50, or 2.41% to Rs 955 per kg, with a business turnover of three lots. 

Similarly, the spice for delivery in July moved up by Rs 20.10, or 2.10% to Rs 975 per kg, with an open interest of two lots.  

Traders said besides pick-up in spot market demand, restricted arrivals from the producing regions mainly pushed up cardamom prices at futures trade.

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First Published: May 16 2011 | 12:32 PM IST

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