Business Standard

Cardamom up 1% on rising demand

Spice for delivery in May moved up by 0.36%

Press Trust of India New Delhi
Amid rising domestic demand and restricted arrivals from producing regions, cardamom prices rose 1.08% to Rs 940 per kg in futures trading today as speculators enlarged their positions.

At the Multi Commodity Exchange, cardamom for delivery in April rose by Rs 10, or 1.08%, to Rs 940 per kg in a business turnover of 2 lots.

In a similar fashion, the spice for delivery in May moved up by Rs 3.30, or 0.36%, to Rs 920.70 per kg in 193 lots.

Analysts said apart from spot demand, restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.

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First Published: Apr 15 2014 | 11:12 AM IST

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