Business Standard

Cardamom futures move up on rising spot demand

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Press Trust of India New Delhi

Rising for the third consecutive session, cardamom futures gained Rs 2.90 to Rs 615.50 per kg today on the back of steady demand in the spot market and low arrivals from producing regions.

At the Multi Commodity Exchange, January cardamom moved up by Rs 2.90, or 0.47%, to Rs 615.50 per kg, with an open interest for 127 lots.

The February contract delivery gained Rs 2, or 0.31%, at Rs 643 per kg in 17 lots.

Traders said besides rising demand in the spot market, low arrivals from producing regions mainly led to the rise in cardamom futures prices.

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First Published: Dec 29 2011 | 11:25 AM IST

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