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Cardamom up 0.6% as demand picks up

Spice for delivery in May edged higher by 0.57%

Press Trust of India New Delhi
Last Updated : Apr 11 2014 | 12:52 PM IST
Cardamom prices rose by 0.67% to Rs 940.70 per kg in futures trade today as speculators created fresh positions after demand picked-up in the spot market against restricted supplies from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 6.30, or 0.67% to Rs 940.70 per kg in business turnover of 45 lots.

Likewise, the spice for delivery in May edged higher by Rs 5.20, or 0.57% to Rs 914.70 per kg in 219 lots.

Analysts said besides pick-up in demand in the spot market, restricted supplies from producing regions mainly led to rise in cardamom prices at futures trade.

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First Published: Apr 11 2014 | 11:26 AM IST

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