 "Cardamom up by 0.9% on rising demand")
Cardamom prices rose by 0.93% to Rs 757 per kg in futures trading today as speculators engaged in enlarging their bets tracking a firm trend at spot market on rising demand.
Besides, tight stock position on restricted supplies from producing regions and some exports enquiries supported the upside.
At Multi Commodity Exchange, cardamom for delivery in far-month January advanced Rs 7, or 0.93%, to Rs 757 per kg in a business turnover of 12 lots.
Analysts said that apart from a firm trend at spot market on surging demand, restricted supplies from producing belts mainly kept cardamom prices higher in futures trade.
Besides, tight stock position on restricted supplies from producing regions and some exports enquiries supported the upside.
At Multi Commodity Exchange, cardamom for delivery in far-month January advanced Rs 7, or 0.93%, to Rs 757 per kg in a business turnover of 12 lots.
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On similar lines, the spice for delivery in December traded higher by Rs 6.10, or 0.86%, to Rs 717 per kg in 35 lots.
Analysts said that apart from a firm trend at spot market on surging demand, restricted supplies from producing belts mainly kept cardamom prices higher in futures trade.