 "Cardamom up 1% on strong demand")
Amid strong domestic and export demand, cardamom prices rose by 1.02% to Rs 882.80 per kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 8.90, or 1.02% to Rs 882.80 per kg in a business turnover of 254 lots.
Similarly, the spice for delivery in April traded higher by Rs 4.70, or 0.54% to Rs 868.80 per kg in 605 lots.
Analysts said fresh positions built-up by speculators on the back strong domestic and export demand in the spot market against restricted arrivals from growing regions, mainly led to rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 8.90, or 1.02% to Rs 882.80 per kg in a business turnover of 254 lots.
Similarly, the spice for delivery in April traded higher by Rs 4.70, or 0.54% to Rs 868.80 per kg in 605 lots.
Analysts said fresh positions built-up by speculators on the back strong domestic and export demand in the spot market against restricted arrivals from growing regions, mainly led to rise in cardamom prices at futures trade.