Cardamom futures rise by 1.80% on seasonal demand

Dec 03 2012, 14:40 IST
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SummaryCardamom prices rose by Rs 19.30 to Rs 1,087.20 per kg in futures trade today on firming trend in the spot markets.

Cardamom prices rose by Rs 19.30 to Rs 1,087.20 per kg in futures trade today on firming trend in the spot markets.

Limited stocks position in the spot markets following restricted arrivals from growing areas also supported the upside in cardamom prices at futures trade.

On the Multi Commodity Exchange, cardamom for January contract rose by Rs 19.30, or 1.80 per cent to Rs 1,087.20 per kg, with a trading volume of 429 lots.

The spice for delivery in December contract traded Rs 14.10, or 1.41 per cent, higher at Rs 1,014 per kg, with a business volume of 981 lots.

Traders said rising demand in spot market on account of marriage season against restricted arrivals from producingregions, mainly pushed up cardamom prices at futures market.

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