Business Standard

Cardamom futures remain up on rising spot demand

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Press Trust of India New Delhi
Cardamom prices rose 0.86 per cent to Rs 832.50 per kg in futures market today as speculators enlarged positions, triggered by rising spot demand.

Besides, tight stocks position in the physical market on restricted supplies from growing regions supported the upside.

At the Multi Commodity Exchange, cardamom for delivery in October month rose by Rs 7.10, or 0.86 per cent to Rs 832.50 per kg in business turnover of 159 lots.

In a similar fashion, the spice for delivery in November contracts gained Rs 5.70, or 0.67 per cent to Rs 851.70 per kg in 69 lots.

Market analysts said apart from a firm trend at spot market on the back of pick up in demand against restricted supplies from producing regions, mainly influenced cardamom prices at futures trade.

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First Published: Sep 28 2015 | 5:22 PM IST

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