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Spot demand lifts cardamom futures by 3.85%

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Press Trust of India New Delhi
Last Updated : Nov 07 2016 | 11:28 AM IST
Cardamom prices were up by 3.85 per cent at Rs 1,388 per kg in futures trade today as speculators built up fresh position.
Besides, tight supplies from producing regions also added support to the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in December contracts zoomed by Rs 51.40 or 3.85 per cent to Rs 1,388 per kg with trading volume of 422 lots.
Similarly, spice for delivery in this month spurted by Rs 48.40 or 3.78 per cent to Rs 1,328.50 per kg in 51 lots.
Traders said fresh positions created by participants, driven by surge in demand at the spot market against restricted supplies from producing regions mainly kept cardamom prices higher at futures trade.

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First Published: Nov 07 2016 | 11:28 AM IST

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