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Cardamom rises by 2.1% on spot demand

The January spice traded Rs 18.60, or 1.79%, higher at Rs 1,057 per kg

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Cardamom prices rose by Rs 20.50 to Rs 990.10 per kg in futures trade today on firming trend in the spot markets.

Limited stocks position in the spot markets following restricted arrivals from growing areas also supported the upside in cardamom prices at futures trade.

On the Multi Commodity Exchange, the December contract rose by Rs 20.50, or 2.11% to Rs 990.10 per kg, with a trading volume of 1,642 lots.

The January spice traded Rs 18.60, or 1.79%, higher at Rs 1,057.50 per kg, with a business volume of 708 lots.

Traders said rising demand in spot markets on account of marriage season against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures market.

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First Published: Dec 05 2012 | 12:33 PM IST

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