 "Cardamom rises by 0.7% on spot demand")
Cardamom prices rallied by 0.75% to Rs 792 per kg in futures trade today as speculators created fresh positions, supported by a pickup in demand at the spot market.
Besides, restricted supplies from producing region fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August moved up by Rs 5.90, or 0.75% to Rs 792.00 per kg in a business turnover of 36 lots.
Analysts said fresh positions built up by speculators due to pickup in demand at the spot market amid restricted arrivals from producing belts mainly led to the rise in cardamom prices in futures trade.
Besides, restricted supplies from producing region fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August moved up by Rs 5.90, or 0.75% to Rs 792.00 per kg in a business turnover of 36 lots.
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Likewise, the spice for delivery in July contracts edged up by Rs 2.80, or 0.35% to Rs 809.30 per kg in 209 lots.
Analysts said fresh positions built up by speculators due to pickup in demand at the spot market amid restricted arrivals from producing belts mainly led to the rise in cardamom prices in futures trade.