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Cardamom futures rise 3% on spot demand

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Press Trust of India New Delhi
Last Updated : Apr 23 2018 | 12:05 PM IST

Cardamom prices shot up by 3 per cent to Rs 972.40 per kg in futures trading today as participants built up fresh positions amid pick-up in demand.

Tight stocks position on fall in arrivals from growing regions supported the upside.

At the Multi Commodity Exchange, cardamom for delivery in May contracts was trading higher by Rs 28.30, or 3 per cent, to Rs 972.40 per kg in a business turnover of 29 lots.

The June contract of the spice traded higher by Rs 17.60, or 1.85 per cent, to Rs 969.90 per kg with trading volume of 9 lots.

Analysts said fresh positions created by traders due to pick up in demand in spot market pushed up cardamom prices.

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First Published: Apr 23 2018 | 12:05 PM IST

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