Friday, March 7, 2014

Cardamom prices inch up 1.90 per cent on high demand

NEW DELHI: Amid rising domestic demand and restricted supplies from producing regions, cardamom prices extended gains for the second straight day by gaining 1.90 per cent to Rs 751.90 per kg in futures trade today as speculators busy in enlarged their positions.

At the Multi Commodity Exchange, cardamom for delivery in March rose further by 14, or 1.90 per cent to Rs 751.90 per kg in business turnover of 111 lots. Similarly, the spice for delivery in April traded higher by Rs 4.20, or 0.52 per cent to Rs 819.70 per kg in 339 lots.

Analysts said speculators enlarged positions on the back of rising demand in the spot market against restricted supplies from producing belts mainly helped cardamom prices to gain for the second straight day at futures trade.

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