 "Cardamom up 1.1%on strong demand")
Cardamom prices surged 1.19% to Rs 785 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on strong demand against tight supplies from producing region.
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9.20, or 1.19% to Rs 785 per kg in business turnover of 21 lots.
Similarly, the spice for delivery in April moved up by Rs 6.20, or 0.75% to Rs 833.60 per kg in 524 lots.
Analysts said speculators enlarged positions, tracking a firm trend at spot market on strong demand against tight supplies from producing regions, leading to rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 9.20, or 1.19% to Rs 785 per kg in business turnover of 21 lots.
Similarly, the spice for delivery in April moved up by Rs 6.20, or 0.75% to Rs 833.60 per kg in 524 lots.
Analysts said speculators enlarged positions, tracking a firm trend at spot market on strong demand against tight supplies from producing regions, leading to rise in cardamom prices at futures trade.