 "Uptick in demand lifts cardamom by 0.31%")
Cardamom prices were up by 0.31 per cent to Rs 719 per kg in futures trade today as participants built up fresh positions, driven by pick up in demand in the spot market.
Besides, tight stocks position in the physical market on restricted supplies from producing regions fueled the uptrend.
At Multi Commodity Exchange, cardamom for delivery in far-month January edged up by Rs 2.20 or 0.31 per cent to Rs 719.00 per kg in business turnover of 71 lots.
Analysts said fresh positions built up by speculators due to pick up in demand in the spot market against limited arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
Besides, tight stocks position in the physical market on restricted supplies from producing regions fueled the uptrend.
At Multi Commodity Exchange, cardamom for delivery in far-month January edged up by Rs 2.20 or 0.31 per cent to Rs 719.00 per kg in business turnover of 71 lots.
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Likewise, the spice for delivery in December contracts traded higher by Rs 1.50 or 0.24 per cent to Rs 632 per kg in 2 lots.
Analysts said fresh positions built up by speculators due to pick up in demand in the spot market against limited arrivals from producing regions mainly led to rise in cardamom prices at futures trade.