 "Cardamom up 1% on rising demand")
Cardamom prices moved up 1.01% to Rs 848.40 per kg in futures trade today after speculators created positions on the back of rising demand in the spot market.
Further, tight inventories in the physical market due to less arrivals from the major producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 8.50, or 1.01%, to Rs 848.40 per kg in a business turnover of 175 lots.
Market analysts said besides rising demand in the spot market, tight supplies on restricted arrivals from producing belts mainly led to the rise in cardamom prices at futures trade.
Further, tight inventories in the physical market due to less arrivals from the major producing belts also supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 8.50, or 1.01%, to Rs 848.40 per kg in a business turnover of 175 lots.
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In a similar fashion, the spice for delivery in December traded higher by Rs 7.10, or 0.84%, to Rs 850 per kg in 3 lots.
Market analysts said besides rising demand in the spot market, tight supplies on restricted arrivals from producing belts mainly led to the rise in cardamom prices at futures trade.