 "Cardamom rises 0.65% on spot demand")
Cardamom prices moved up 0.65 per cent to Rs 851 per kg in futures trade today after speculators created positions on the back of rising demand in the spot market.
Further, tight inventories in the physical market due to less arrivals from the major producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in December rose Rs 5.50, or 0.65 per cent, to Rs 851 per kg in a business turnover of 5 lots.
Market analysts said besides rising demand in the spot market, tight supplies on restricted arrivals from producing belts mainly led to the rise in cardamom prices at futures trade.
Further, tight inventories in the physical market due to less arrivals from the major producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in December rose Rs 5.50, or 0.65 per cent, to Rs 851 per kg in a business turnover of 5 lots.
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In a similar fashion, the spice for delivery in November traded higher by Rs 5, or 0.61 per cent, to Rs 823 per kg in 91 lots.
Market analysts said besides rising demand in the spot market, tight supplies on restricted arrivals from producing belts mainly led to the rise in cardamom prices at futures trade.