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Cardamom futures gain 0.49% on rising demand

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Press Trust of India New Delhi
Last Updated : Jul 29 2016 | 12:07 PM IST
Cardamom prices gained 0.49 per cent to Rs 950 per kg in futures trading today as speculators enlarged positions amid rising demand in the spot market.
Besides, restricted supplies from the major producing belts too fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August gained Rs 4.70, or 0.49 per cent, to Rs 950 per kg, in a trading volume of 29 lots.
On similar lines, the spice for delivery in September contracts traded higher by Rs 1.80 or 0.19 per cent to Rs 916.50 per kg in 19 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.

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First Published: Jul 29 2016 | 12:07 PM IST

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