 "Cardamom rises 0.9% as demand picks up")
Amid pick-up in domestic and export demand and restricted arrivals from producing regions, cardamom prices moved up by 0.92% to Rs 835 per kg in futures market today as speculators created fresh position.
At the Multi Commodity Exchange, cardamom for delivery in far-month April rose by Rs 7.60, or 0.92% to Rs 835 per kg in business turnover of 66 lots.
Likewise, the spice for delivery in March moved up by Rs 7, or 0.88% to Rs 804.80 per kg in 386 lots.
Market analysts attributed the rise in cardamom futures to rising domestic and export demand against restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in far-month April rose by Rs 7.60, or 0.92% to Rs 835 per kg in business turnover of 66 lots.
Likewise, the spice for delivery in March moved up by Rs 7, or 0.88% to Rs 804.80 per kg in 386 lots.
Market analysts attributed the rise in cardamom futures to rising domestic and export demand against restricted arrivals from producing regions.