Business Standard

Uptick in demand lifts cardamom futures 0.91 pc

Image

Press Trust of India New Delhi
Cardamom prices shot up by 0.91 per cent to Rs 1,147 per kg in futures trading today as participants built up fresh positions.

Furthermore, tight supplies from the major producing regions supported the uptrend in cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in February went up by Rs 10.30, or 0.91 per cent, to Rs 1,147 per kg in a business turnover of 12 lots.

Analysts said fresh positions created by traders due to pick-up in demand at the spot market against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures trade.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 22 2018 | 12:45 PM IST

Explore News