 "Cardamom up 0.3% on rising demand")
Cardamom futures remained higher and prices added 0.33% to Rs 792 per kg today as speculators enlarged their positions on rising demand in the spot market.
Besides, tight stocks position in the physical market due to restricted arrivals from producing belts further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in March added Rs 2.60, or 0.33%, to Rs 792 per kg in a business turnover of 3 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing regions kept cardamom prices higher at futures trade.
Besides, tight stocks position in the physical market due to restricted arrivals from producing belts further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in March added Rs 2.60, or 0.33%, to Rs 792 per kg in a business turnover of 3 lots.
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However, the spice for delivery in April traded lower by Rs 2, or 0.24%, to Rs 831.50 per kg in 373 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing regions kept cardamom prices higher at futures trade.