 "Cardamom up 2.6% as spot demand picks up")
Cardamom prices rose 2.68% to Rs 835 per kg in futures trading today as speculators created positions, driven by pick-up in demand in the spot market.
Further, restricted arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 21.80, or 2.68% to Rs 835 per kg in business turnover of 570 lots.
Analysts said fresh positions built up by speculators on the back of rise in demand in the spot market against restricted arrivals from growing regions, mainly influenced cardamom prices at futures trade.
Further, restricted arrivals from producing regions also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 21.80, or 2.68% to Rs 835 per kg in business turnover of 570 lots.
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Similarly, the spice for delivery in May edged up by Rs 21.60, or 2.56%, to Rs 865.30 per kg in 83 lots.
Analysts said fresh positions built up by speculators on the back of rise in demand in the spot market against restricted arrivals from growing regions, mainly influenced cardamom prices at futures trade.