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Cardamom futures up 1.71% on spot demand

Cardamom prices rose by Rs 17.60 to Rs 1,042 per kg in futures trade.

Written by Agencies | New Delhi | Published: September 25, 2012 2:03:30 pm

Cardamom prices rose by Rs 17.60 to Rs 1,042 per kg in futures trade today as traders enlarged their commitments,driven by pick-up in export and domestic demand.

The tight stocks position following lower arrivals in the spot market from producing regions also influenced cardamom prices in the futures market here,traders said, At the Multi Commodity Exchange,cardamom for delivery in October rose by Rs 17.60,or 1.71 per cent,to Rs 1,042 per kg,with a business turnover of 1,448 lots.

Similarly,the spice for delivery in November edged up by Rs 2.60,or 0.25 per cent,to Rs 1,027.40 per kg,with a business turnover of 361 lots.

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