Cardamom futures prices rise by 1.43% on strong demand

Dec 06 2012, 16:17 IST
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SummaryCardamom prices rose by Rs 14.20 to Rs 1,006.80 per kg in futures trade today

Cardamom prices rose by Rs 14.20 to Rs 1,006.80 per kg in futures trade today on firming trend in the spot markets as speculators enlarged their positions driven by firming spot market trend.

Sentiment improved further on rising exporters demand amid restricted arrivals from producing belts.

On the Multi Commodity Exchange, cardamom for the December contract rose by Rs 14.20, or 1.43 per cent, to Rs 1,006.80 per kg, with a trading volume of 1,364 lots.

The spice for delivery in January traded Rs 10.20, or 0.95 per cent, higher at Rs 1,074 per kg, with a business volume of1,005 lots.

Traders said rising demand in spot markets on account of marriage and winter season against restricted arrivals from producing regions, mainly pushed up cardamom prices at futures market

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