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Cardamom futures gain 0.76% as demand picks-up

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Press Trust of India New Delhi

Cardamom prices rose by Rs 6.70 to Rs 885.90 per kg in futures trading today as speculators created fresh positions on the back of pick-up in spot market demand against restricted arrivals.

At the Multi Commodity Exchange, cardamom for delivery in October gained Rs 6.70, or 0.7%, to Rs 885.90 per kg, with a business turnover of 21 lots. 

Similarly, the spice for delivery in July edged up by Rs 2.50, or 0.30%, to Rs 836.50 per kg, with an open interest of 402 lots. 

Market analysts said fresh buying by speculators on pick-up in demand in the spot market against limited arrivals from producing regions mainly led to the rise in cardamom futures prices.

 

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First Published: Jun 28 2011 | 1:37 PM IST

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