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

Cardamom futures remain higher on strong demand

Image
Press Trust of India New Delhi
Last Updated : Feb 05 2014 | 12:32 PM IST
Cardamom prices rose 2.06 per cent to Rs 823.80 per kg in futures trade today after traders and speculators created fresh positions on strong spot demand.
Besides, hopes of a pick up in export demand also supported the upside.
At the Multi Commodity Exchange, cardamom for March contract rose by Rs 16.70, or 2.06 per cent, to Rs 823.80 per kg with a trading volume of 1,009 lots.
The spice for delivery in February traded higher by Rs 9.90, or 1.29 per cent, to Rs 771.90 per kg, with a business volume of 519 lots.
Market analysts said rising spot and exports demand against restricted arrivals from producing regions mainly influenced cardamom prices at futures market.

More From This Section

First Published: Feb 05 2014 | 12:32 PM IST

Next Story