Cardamom futures prices extend gain, climbs 3.40% on firm demand

Nov 27 2012, 14:31 IST
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SummaryCardamom prices today spurted by 3.40 per cent to Rs 975.60 per kg, extending yesterday's gains in futures trade mostly supported by a firming trend at spot market on strong demand against restricted arrivals.

Cardamom prices today spurted by 3.40 per cent to Rs 975.60 per kg, extending yesterday's gains in futures trade mostly supported by a firming trend at spot market on strong demand against restricted arrivals.

At the Multi Commodity Exchange, cardamom for delivery in December shot up by Rs 32.10, or 3.40 per cent, to Rs 975.60 per kg in business turnover of 1,357 lots.

Similarly, the spice for delivery in the January contract jumped up by Rs 34.30, or 3.40 per cent, to Rs 1,043 per kg in 581 lots.

Analysts said apart from firming trend at spot market on strong domestic and export demand, restricted arrivals from producing regions also influenced cardamom prices at futures trading.

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