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Cardamom rises 0.71%

Limited arrivals led to rise in prices

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 6:57 AM IST

Cardamom prices rose by Rs 7.50 to Rs 1,051.90 per kg in futures trade today.

At the Multi Commodity Exchange, the January contract rose by Rs 7.50, or 0.71% to Rs 1,051.90 per kg in business turnover of 479 lots.

Similarly, the February contract traded higher by Rs 5.70, or 0.52%, to Rs 1,091 per kg with a trade volume of 86 lots.

Marketmen said fresh positions created by speculators, driven by a rise in demand in the spot market against limited arrivals from producing belts led to rise in cardamom prices.

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First Published: Dec 28 2012 | 12:44 PM IST

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