New Delhi, Aug 30 (PTI) Cardamom prices recovered by 0.56 per cent to Rs 790.50 per in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market.
Tight supplies in the physical market following less arrivals from producing region further fuelled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in October month rose by Rs 4.40, or 0.56 per cent to Rs 790.50 per kg in business turnover of 57 lots.
Similarly, the spice for delivery in September edged up by Rs 3.40, or 0.47 per cent to Rs 725.20 per kg in 360 lots.
Market analysts said fresh positions created by speculators after a rise in demand in the spot market amid restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
http://news.in.msn.com/business/article.aspx?cp-documentid=253609177
Tight supplies in the physical market following less arrivals from producing region further fuelled the uptrend.
Similarly, the spice for delivery in September edged up by Rs 3.40, or 0.47 per cent to Rs 725.20 per kg in 360 lots.
Market analysts said fresh positions created by speculators after a rise in demand in the spot market amid restricted arrivals from producing regions mainly led to rise in cardamom prices at futures trade.
http://news.in.msn.com/business/article.aspx?cp-documentid=253609177
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