Business Standard

Cardamom up 1.3% on restricted supply

Delivery in December also went up by 0.86%

Press Trust of India New Delhi
Cardamom futures rose 1.28% to Rs 848.90 per kg in futures trade today as speculators indulged in enlarging positions amidst thin arrivals.

Sentiments improved further on account of a firm demand in the spot market against restricted arrivals.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 10.80, or 1.28%, to Rs 848.90 per kg, with a business turnover of 422 lots.

The delivery in December also went up by Rs 7.30, or 0.86%, to Rs 851.90 per kg, with a trading volume of 24 lots.

Market analysts said rising spot and export demand against weak supplies from producing regions influenced cardamom prices at futures market.

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First Published: Oct 09 2014 | 11:40 AM IST

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