| Speculators created fresh positions, driven by pick-up in demand in the spot market |
| Press Trust of India / New Delhi Nov 30, 2012, 13:09 IST
Cardamom prices rose by Rs 12.20 to Rs 981 per kg in futures trading today as speculators created fresh positions, driven by pick-up in demand in the spot market.
Besides, less arrivals from producing belts further fuelled the uptrend.
At the Multi Commodity Exchange, the December contract rose by Rs 12.20, or 1.26%, to Rs 981 per kg in business turnover of 680 lots.
The January contract traded higher by Rs 10.20, or 0.99%, to Rs 1,040 per kg in 202 lots.
Marketmen attributed rise in cardamom prices at futures trade to fresh positions created by speculators, triggered by a pick-up in demand in spot markets. |
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