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Cardamom futures up 0.62 pc on spot demand

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Press Trust of India New Delhi
Last Updated : Jul 21 2016 | 12:22 PM IST
Cardamom prices today rose by Rs 5.70 or 0.62 per cent to Rs 921 per kg in futures market after speculators strengthened positions supported by good buying in the spot markets.
Besides, restricted arrivals from producing belts too supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August rose by Rs 5.70 or 0.62 per cent to Rs 921 per kg in a business turnover of 144 lots.
In a similar fashion, spice for delivery in September gained Rs 5 or 0.55 per cent to Rs 907.50 per kg in 50 lots.
Market analysts said besides rise in demand in the spot markets, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures trade.

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First Published: Jul 21 2016 | 12:22 PM IST

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