Business Standard

Cardamom up by 1.8% on spot demand

Tight stocks position in the spot market following lower arrivals from producing regions also influenced prices

Press Trust of India New Delhi
Cardamom prices rose by Rs 13.50 to Rs 768 per kg in futures trade today as traders enlarged commitments, supported by a pick-up in export and domestic demand.
 
Tight stocks position in the spot market following lower arrivals from producing regions also influenced prices, traders said.
 
At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 13.50, or 1.78%, to Rs 768 per kg, with a business turnover of 1,092 lots.
 
Similarly, the spice for delivery in August edged up by Rs 5.80, or 0.85%, to Rs 687.90 per kg in 1,189 lots.

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First Published: Jul 31 2013 | 12:43 PM IST

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