 "Cardamom up 0.9% on spot demand")
Cardamom prices traded higher by 0.96% to Rs 754.50 per kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 7.20, or 0.96% to Rs 754.50 per kg in a business turnover of 330 lots.
Similarly, cardamom for delivery in October edged up by Rs 5.10, or 0.72% to Rs 713.60 per kg in 714 lots.
Market analysts said fresh positions created by speculators after a rise in demand in the spot market against restricted arrivals from producing region mainly helped cardamom prices to trade higher at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 7.20, or 0.96% to Rs 754.50 per kg in a business turnover of 330 lots.
Similarly, cardamom for delivery in October edged up by Rs 5.10, or 0.72% to Rs 713.60 per kg in 714 lots.
Market analysts said fresh positions created by speculators after a rise in demand in the spot market against restricted arrivals from producing region mainly helped cardamom prices to trade higher at futures trade.