Business Standard

Cardamom futures rise 2.10 pc on spot demand

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Press Trust of India New Delhi

Cardamom prices rose 2.10 per cent to Rs 1,478 per kg in futures trade today as participants built up fresh positions on the back of improved export and spot demand.

Further, restricted supplies from major producing belts added support to cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in October was trading higher by Rs 30.50, or 2.10 per cent, to Rs 1,478 per kg in a business turnover of 52 lots.

The spice for delivery in November traded higher by Rs 9.20, or 0.62 per cent, to Rs 1,484 per kg with a business volume of just one lot.

Analysts said speculators widened their positions following reports of heavy losses to crop amid recent floods and improved export and spot demand pushed up cardamom prices.

 

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First Published: Sep 10 2018 | 12:30 PM IST

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