Cardamom futures up on spot demand

15 FEB, 2013, 03.24PM IST, PTI 

NEW DELHI: Cardamom prices rose by Rs 3.90 to Rs 1,022.30 per kg in futures trading today as speculators created fresh positions, supported by an upsurge in demand in the spot market. 
Besides, lower arrivals from producing belts also influenced cardamom prices. 

At the Multi Commodity Exchange, cardamom for delivery in March month rose by Rs 3.90, or 0.38 per cent, to Rs 1,022.30 per kg in business turnover of 1,031 lots. 

Similarly, the spice for delivery in February edged higher by Rs 1.40, or 0.15 per cent, to Rs 943.20 per kg in 48 lots. 

Market analysts said positions created by speculators after driven by rising demand in the spot market and lower arrivals from producing regions mainly led to rise in cardamom prices at futures trade.

http://economictimes.indiatimes.com/markets/commodities/cardamom-futures-up-on-spot-demand/articleshow/18514436.cms