 "Cardamom futures rise 1.29% on pick up in spot demand")
Cardamom prices rose by Rs 11.10 or 1.29% to Rs 874 per kg in futures market today after speculators widened their positions, supported by rising demand in the spot market.
Restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 11.10 or 1.29% to Rs 874 per kg in a business turnover of 123 lots.
Market analysts said besides rise in demand in the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures market.
Restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in July rose by Rs 11.10 or 1.29% to Rs 874 per kg in a business turnover of 123 lots.
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The spice for delivery in August gained Rs 10.80 or 1.21% to Rs 900 per kg in 30 lots.
Market analysts said besides rise in demand in the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures market.