Cardamom up on spot demand

Press Trust of India / New Delhi Mar 29, 2012, 13:02 IST

Cardamom prices were up by Rs 6.30 to Rs 1163.90 per kg in futures trade today as speculators created fresh positions amid a firming trend at spot markets.
Restricted arrivals in the physical markets from producing regions also supported the uptrend in cardamom prices.

At the Multi Commodity Exchange, the April cardamom rose by Rs 6.30, or 0.54% to Rs 1,163.90 per kg in business turnover of 630 lots.
The May spice moved up by Rs 3.60, or 0.28% to Rs 1,293 per kg in 272 lots.

Analysts said fresh buying by speculators on the back of a rise in demand in the spot market against limited arrivals from producing belts mainly led to rise in cardamom prices at futures trading here.

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