Friday, April 11, 2014

Cardamom futures rise 0.67 per cent as demand picks up

NEW DELHI: Cardamom prices rose by 0.67 per cent to Rs 940.70 per kg in futures trade today as speculators created fresh positions after demand picked-up in the spot market against restricted supplies from producing belts. 

At the Multi Commodity Exchange, cardamom for delivery in June rose by Rs 6.30, or 0.67 per cent to Rs 940.70 per kg in business turnover of 45 lots. 

Likewise, the spice for delivery in May edged higher by Rs 5.20, or 0.57 per cent to Rs 914.70 per kg in 219 lots. 

Analysts said besides pick-up in demand in the spot market, restricted supplies from producing regions mainly led to rise in cardamom prices at futures trade.

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