 "Cardamom rises by 0.3% on spot demand")
Cardamom prices moved up by 0.27% to Rs 893.50 per kg in futures trade today as speculators created fresh positions amid pick-up in spot market demand against limited arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in January edged higher by Rs 1.40, or 0.27%, to Rs 893.50 per kg in a business turnover of 13 lots.
Similarly, the spice for delivery in December traded higher by Rs 1.30, or 0.14%, to Rs 864.50 per kg in 307 lots.
Analysts said speculative fresh positions built by speculators, driven by pick-up in demand in the spot market against restricted arrivals from producing belts, mainly led to the rise in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in January edged higher by Rs 1.40, or 0.27%, to Rs 893.50 per kg in a business turnover of 13 lots.
Similarly, the spice for delivery in December traded higher by Rs 1.30, or 0.14%, to Rs 864.50 per kg in 307 lots.
Analysts said speculative fresh positions built by speculators, driven by pick-up in demand in the spot market against restricted arrivals from producing belts, mainly led to the rise in cardamom prices at futures trade.