 "Cardamom up 1% on strong demand")
Cardamom rose by 1.07% to Rs 893.80 per kg in futures trade today as speculators enlarged positions on the back of strong domestic as well as export demand.
Further, tight supplies in the physical market on restricted arrivals from producing regions, fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August advanced by Rs 9.50, or 1.07%, to Rs 893.80 per kg in a business turnover of 16 lots.
Analysts said the rise in cardamom prices was mostly due to strong domestic and export demand in the spot market.
Further, tight supplies in the physical market on restricted arrivals from producing regions, fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August advanced by Rs 9.50, or 1.07%, to Rs 893.80 per kg in a business turnover of 16 lots.
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Similarly, the spice for delivery in July moved up by Rs 7, or 0.77%, to Rs 913.90 per kg in 143 lots.
Analysts said the rise in cardamom prices was mostly due to strong domestic and export demand in the spot market.