 "Cardamom rise 0.35% on demand surge")
Supported by pick-up in domestic demand and tight supplies from producing belts, cardamom prices were up 0.35% at Rs 793 per kg in futures trading today as speculators created fresh bets.
At the Multi Commodity Exchange, cardamom for delivery in in August rose Rs 2.80, or 0.35%, to Rs 793 per kg in a business turnover of 1 lot.
Likewise, the spice for delivery in July contracts edged up by Rs 1.40, or 0.17%, to Rs 802.50 per kg in 43 lots.
Analysts said fresh positions built up by speculators after pick-up in demand in the spot market against restricted arrivals from producing belts mainly led to the rise in cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in in August rose Rs 2.80, or 0.35%, to Rs 793 per kg in a business turnover of 1 lot.
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Likewise, the spice for delivery in July contracts edged up by Rs 1.40, or 0.17%, to Rs 802.50 per kg in 43 lots.
Analysts said fresh positions built up by speculators after pick-up in demand in the spot market against restricted arrivals from producing belts mainly led to the rise in cardamom prices.