 "Cardamom recover by 0.5% on spot demand")
Cardamom prices recovered by 0.58% to Rs 833 per kg in futures market today as speculators created fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 4.80, or 0.58% to Rs 833 per kg in business turnover of 51 lots.
Likewise, cardamom for delivery in October traded higher by Rs 1.50, or 0.19% to Rs 793 per kg in 116 lots.
Market analysts said the rise in cardamom prices at futures trade was mostly attributed to speculators creating fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 4.80, or 0.58% to Rs 833 per kg in business turnover of 51 lots.
Likewise, cardamom for delivery in October traded higher by Rs 1.50, or 0.19% to Rs 793 per kg in 116 lots.
Market analysts said the rise in cardamom prices at futures trade was mostly attributed to speculators creating fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.