 "Cardamom up by 0.8% on higher demand")
Cardamom futures rose 0.77% to Rs 777 per kg in futures market today as speculators widened positions after demand picked up in the spot market.
Furthermore, tight stock position in the physical market following restricted arrivals from producing regions supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August rose Rs 6, or 0.77%, to Rs 777 per kg in business turnover of 105 lots.
Analysts said fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing belts largely influenced cardamom prices in futures trade.
Furthermore, tight stock position in the physical market following restricted arrivals from producing regions supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August rose Rs 6, or 0.77%, to Rs 777 per kg in business turnover of 105 lots.
Also Read
Likewise, the spice for delivery in September contract edged up by Rs 4.10, or 0.53%, to Rs 773.50 per kg in 12 lots.
Analysts said fresh positions built up by speculators on the back of a rise in demand in the spot market against tight supplies from producing belts largely influenced cardamom prices in futures trade.