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Cardamom up 2% on strong demand, limited arrivals

Spice for the July contract rose by 0.83%

Press Trust of India New Delhi
Cardamom prices rose by 2.04% to Rs 966.50 per kg in futures trade today as speculators created fresh positions, supported by rising export as well as spot demand.

At the Multi Commodity Exchange, cardamom for the June delivery rose by Rs 19.40, or 2.04%, to Rs 966.50 per kg in a business volume of 7 lots.

The spice for the July contract rose by Rs 7.60, or 0.83%, to Rs 912.80 per kg in a business volume of 203 lots.

Traders said rising export as well as spot demand against restricted supplies from producing regions mainly led to the rise in cardamom futures prices.

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First Published: Jun 10 2014 | 12:02 PM IST

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