Press Trust of India / New Delhi Apr 26, 2012, 15:11 IS
Cardamom futures today recovered by Rs 16.30 to Rs 1,121.80 per kg, as traders raised their positions due to a pick-up in the demand for the commodity amid low stocks.
Restricted arrivals from major growing belts amid speculations of a decline in production in current year also influenced cardamom prices in the futures market in New Delhi.
On the MCX, cardamom for May delivery added Rs 16.30 or 1.47%, to Rs 1,121.80 per kg in a business volume of 1,254 lots.
The June contract gained Rs 11.90, or 1%, to Rs 1,193 per kg in a business volume of 355 lots.
Traders said pick-up in demand in the spot market against restricted arrivals from producing regions attributed the rise in cardamom prices in the futures market.
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