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Cardamom moves up in futures trade on fresh buying

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:58 PM IST

Cardamom prices moved up by Rs 9.20 to Rs 805 per kg in futures trade today as speculators created fresh positions, driven by a pick-up in demand in the spot market.

At the Multi Commodity Exchange, cardamom for July delivery moved up by Rs 9.20, or 1.16%, to Rs 805 per kg with a business turnover of 192 lots.  

Similarly, the spice for August delivery gained Rs 7, or 0.83%, to Rs 852.50 per kg in 263 lots.    

Analysts said fresh positions created by speculators on the back of a pick-up in demand mainly led to the rise in cardamom futures prices.

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First Published: Jul 13 2011 | 1:38 PM IST

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