 "Cardamom rises 0.18% on pick up in demand")
Cardamom prices edged higher by 0.18 per kg in futures trading today as speculators created fresh positions amid pick-up in domestic demand and restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in September traded higher by Rs 1.80, or 0.18 per cent, to Rs 991.40 per kg in a business turnover of 168 lots.
The October contract edged up by Rs 1.70, or 0.18 per cent, to Rs 970 per kg in 25 lots.
Market analysts said speculators built fresh positions after demand picked up in spot markets and led to the rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in September traded higher by Rs 1.80, or 0.18 per cent, to Rs 991.40 per kg in a business turnover of 168 lots.
The October contract edged up by Rs 1.70, or 0.18 per cent, to Rs 970 per kg in 25 lots.
Market analysts said speculators built fresh positions after demand picked up in spot markets and led to the rise in cardamom prices at futures trade.