Cardamom rises 2.64% on spot demand

Tight stocks, lower arrivals influence prices

Press Trust of India / New Delhi Aug 24, 2012, 14:09 IST Cardamom prices rose by Rs 28.60 to Rs 1,110 per kg in futures trade today as traders enlarged their commitments, supported by a pick up in export and domestic demand. Tight stocks position in the spot market following lower arrivals from producing regions also influenced prices, traders said. At the Multi Commodity Exchange, cardamom for delivery in October rose by Rs 28.60, or 2.64%, to Rs 1,110 per kg, with a business turnover of 370 lots. September cardamom edged up by Rs 16.50, or 1.64%, to Rs 1,021.50 per kg in 864 lots.