Cardamom futures rise on festive demand

Cardamom futures prices today rose by Rs 8.60 to Rs 935.80 per kg.

Written by Agencies | New Delhi | Published: October 12, 2012 11:30:19 am

Cardamom futures prices today rose by Rs 8.60 to Rs 935.80 per kg as traders created fresh positions,driven by pick-up in domestic demand ahead of the festive season.

Restricted arrivals from producing belts also supported the uptrend.

At the Multi Commodity Exchange,cardamom for delivery in November rose by Rs 8.60,or 0.93 per cent,to Rs 935.80 per kg in business turnover of 546 lots.

Similarly,the spice for delivery in October moved up by Rs 3.30,or 0.37 per cent,to Rs 905 per kg in 101 lots.

Market analysts said fresh positions created by traders on hopes a rise in demand during ensuing festive season amid restricted arrivals from producing belts mainly led to rise in cardamom futures.

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