 "Cardamom up 0.55% on rising demand")
Continuing its rising streak for the fifth straight day, cardamom gained 0.55 per cent to Rs 937.90 per kg in futures trading today as speculators engaged in enlarging positions amid rising domestic and export demand.
Further, tight stocks in the physical market due to restricted arrivals from producing regions fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 5.10, or 0.55 per cent, to Rs 937.90 per kg in a business turnover of 116 lots.
Market analysts said rising domestic and export demand in the spot market against tight supplies from producing regions kept cardamom higher for the fifth-day at futures trade.
Further, tight stocks in the physical market due to restricted arrivals from producing regions fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 5.10, or 0.55 per cent, to Rs 937.90 per kg in a business turnover of 116 lots.
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The August contract traded higher by Rs 4.10, or 0.43 per cent, to Rs 954 per kg in three lots.
Market analysts said rising domestic and export demand in the spot market against tight supplies from producing regions kept cardamom higher for the fifth-day at futures trade.