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Cardamom gains second day in a row as demand picks up

Restricted arrivals from producing regions also influence prices in futures trade

Press Trust of India New Delhi
Cardamom prices gained for the second day by adding 0.48 per cent to Rs 986.50 per kg in futures trade today as enlarged positions, amid pick up in domestic and export demand.

At the Multi Commodity Exchange, cardamom for delivery in May added Rs 4.70, or 0.48 per cent to Rs 986.50 per kg in business turnover of 53 lots.

Analysts said besides pick up in domestic and export demand in the spot market, restricted arrivals from producing regions influenced cardamom prices in futures trade.

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First Published: May 07 2014 | 12:02 PM IST

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