 "Cardamom up 1.3% on spot demand")
Cardamom prices rose by Rs 9.50 to Rs 724.40 per kg in futures trade today as speculators created fresh positions amid a rise in spot market demand against restricted arrivals.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 9.50, or 1.32%, to Rs 724.40 per kg in business turnover of 321 lots.
Similarly, the spice for delivery in December traded higher by Rs 2.40, or 0.32%, to Rs 751 per kg with a trade volume of 58 lots.
Marketmen said fresh positions created by speculators, driven by a rise in demand in the spot market against limited arrivals from producing belts mainly led to rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 9.50, or 1.32%, to Rs 724.40 per kg in business turnover of 321 lots.
Similarly, the spice for delivery in December traded higher by Rs 2.40, or 0.32%, to Rs 751 per kg with a trade volume of 58 lots.
Marketmen said fresh positions created by speculators, driven by a rise in demand in the spot market against limited arrivals from producing belts mainly led to rise in cardamom prices at futures trade.