Don’t miss the latest developments in business and finance.

Cardamom futures gain 2.26 pc on spot demand

Image
Press Trust of India New Delhi
Last Updated : May 31 2017 | 12:42 PM IST
Cardamom prices rose 2.26 per cent to Rs 958.20 per kg in futures trade today as speculators enlarged their positions amid an upsurge in demand at the domestic spot market.
Tight supplies from major producing regions also supported the upside in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 21.20, or 2.26 per cent, to Rs 958.20 per kg with trading volume of 42 lots.
Similarly, the spice for delivery in July increased by Rs 16.10, or 1.86 per cent, to Rs 880 per kg in just 8 lots.
Traders said widening of positions by participants, driven by surge in demand at the spot market against restricted supplies from producing regions, mainly kept cardamom prices higher in futures trade.

Also Read

First Published: May 31 2017 | 12:42 PM IST

Next Story