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Cardamom up 0.6% on rising demand

Spice for delivery in July added 0.32%

Press Trust of India New Delhi
Cardamom prices rose 0.62% to Rs 905 per kg in futures trading today as speculators enlarged positions on a firm trend in spot market.

At the Multi Commodity Exchange, cardamom for delivery in June gained Rs 6.60, or 0.62%, to Rs 905 per kg in a business turnover of 6 lots.

In a similar fashion, the spice for delivery in July added Rs 2.10, or 0.32%, to Rs 919 per kg in 270 lots.

However, the spice for delivery in June shed Rs 2.40, or 0.25%, to Rs 970 per kg in 7 lots.

Analysts said rising demand in the spot market against tight supplies from producing regions supported the upside in cardamom prices at futures trade.

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First Published: Jun 11 2014 | 1:04 PM IST

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