| Restricted arrivals from producing belts support uptrend |
| Press Trust of India / New Delhi Sep 14, 2012, 12:44 IST
Cardamom prices moved up by Rs 13 to Rs 982 per kg in futures trading today as speculators created fresh positions, driven by a rise in spot market demand.
Restricted arrivals from producing belts supported the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in October moved up by Rs 13, or 1.34%, to Rs 982 per kg, with a business turnover of 1,183 lots.
September cardamom traded higher by Rs 1.10, or 0.15%, to Rs 738 per kg, with a business turnover of 470 lots.
Marketmen said fresh positions created by speculators on the back of a rise in demand in the spot market helped cardamom prices to trade higher at futures trade.
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Friday, September 14, 2012
Cardamom gains 1.34% on spot demand
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