Business Standard

Spot demand lifts cardamom futures 0.25 pc

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Press Trust of India New Delhi
Cardamom prices were up by 0.25 per cent at Rs 1,354.90 per kg in futures trade today as speculators built up fresh positions, tracking a firm trend at the domestic spot market.

Besides, tight supplies from producing regions added support to the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in January rose by Rs 3.40, or 0.25 per cent, to Rs 1,354.90 per kg with trading volume of 33 lots.

Similarly, spice for delivery in February moved up by Rs 3.20, or 0.23 per cent, to Rs 1,386 per kg in just 4 lots.

Traders said fresh positions created by participants, driven by surge in demand at the spot market against restricted supplies from producing regions mainly kept cardamom prices higher at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Dec 23 2016 | 12:07 PM IST

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