 "Cardamom up 0.5% as demand picks up")
Cardamom futures rose by 0.50% to Rs 912.80 per kg in futures market today as speculators indulged in creating fresh positions after demand picked up in the spot market.
Besides, tight stocks position in the physical market following less arrivals from producing region also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 4.50, or 0.50%, to Rs 912.80 per kg in business turnover of 153 lots.
Market analysts said fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing regions mainly influenced cardamom prices in futures trade.
Besides, tight stocks position in the physical market following less arrivals from producing region also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 4.50, or 0.50%, to Rs 912.80 per kg in business turnover of 153 lots.
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Likewise, the spice for delivery in July contract edged up by Rs 1.70, or 0.19%, to Rs 913 per kg in 63 lots.
Market analysts said fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing regions mainly influenced cardamom prices in futures trade.