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Cardamom gains 1.34% on spot demand

Restricted arrivals from producing belts support uptrend

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Press Trust of India New Delhi

Cardamom prices moved up by Rs 13 to Rs 982 per kg in futures trading today as speculators created fresh positions, driven by a rise in spot market demand.

Restricted arrivals from producing belts supported the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in October moved up by Rs 13, or 1.34%, to Rs 982 per kg, with a business turnover of 1,183 lots.

September cardamom traded higher by Rs 1.10, or 0.15%, to Rs 738 per kg, with a business turnover of 470 lots.

Marketmen said fresh positions created by speculators on the back of a rise in demand in the spot market helped cardamom prices to trade higher at futures trade.

 

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First Published: Sep 14 2012 | 12:44 PM IST

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