Spice for delivery in May edged higher by 0.37%
Supported by rising spot demand, cardamom prices rose by 1.04% to Rs 880 per kg in futures trading today as speculators created fresh positions.
At the Multi Commodity Exchange, cardamom for delivery in April moved up by Rs 9.10, or 1.04% to Rs 880 per kg in business turnover of 169 lots.
Similarly, the spice for delivery in May edged higher by Rs 3.30, or 0.37% to Rs 906 per kg in 189 lots.
Analysts said fresh positions built-up by speculators after demand picked up in the spot market against tight supplies from growing regions mainly led to rise in cardamom prices at futures trade.
Supported by rising spot demand, cardamom prices rose by 1.04% to Rs 880 per kg in futures trading today as speculators created fresh positions.
At the Multi Commodity Exchange, cardamom for delivery in April moved up by Rs 9.10, or 1.04% to Rs 880 per kg in business turnover of 169 lots.
Similarly, the spice for delivery in May edged higher by Rs 3.30, or 0.37% to Rs 906 per kg in 189 lots.
Analysts said fresh positions built-up by speculators after demand picked up in the spot market against tight supplies from growing regions mainly led to rise in cardamom prices at futures trade.
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