 "Cardamom up by 0.6% on pickup in demand")
Cardamom edged higher by 0.56% to Rs 770.70 per kg in futures trade today as traders widened positions at prevailing levels, supported by pickup in demand at the spot market.
Also, tight stocks position in the physical market on fall in supplies from producing regions and some export enquiries fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August rose by Rs 4.30, or 0.56% to Rs 770.70 per kg in a business turnover of 192 lots.
Analysts said besides pickup in demand at the spot market, restricted supplies from growing belts led to the rise in cardamom prices in futures trade.
Also, tight stocks position in the physical market on fall in supplies from producing regions and some export enquiries fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in August rose by Rs 4.30, or 0.56% to Rs 770.70 per kg in a business turnover of 192 lots.
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Likewise, the spice for delivery in September contracts traded higher by Rs 3.70, or 0.48% to Rs 769 per kg in 19 lots.
Analysts said besides pickup in demand at the spot market, restricted supplies from growing belts led to the rise in cardamom prices in futures trade.