Press Trust of India / New Delhi January 13, 2012, 12:27 IST
Cardamom futures prices today rose for the second straight day by adding Rs 3.50 to Rs 585 per kg, as speculators enlarged their positions, driven by pick-up in spot demand. Less arrivals from producing regions further fuelled the uptrend in cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in January added Rs 3.50, or 0.60%, to Rs 585 per kg in business turnover of 94 lots.
Likewise, the spice for delivery in February traded higher by 90 paise, or 0.15%, to Rs 615.70 per kg in 313 lots.
Market analysts said increased buying by speculators, following pick-up in demand in the spot market amid less arrivals from producing region mainly led to the rise in cardamom prices at futures trade.
Likewise, the spice for delivery in February traded higher by 90 paise, or 0.15%, to Rs 615.70 per kg in 313 lots.
Market analysts said increased buying by speculators, following pick-up in demand in the spot market amid less arrivals from producing region mainly led to the rise in cardamom prices at futures trade.
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