Cardamom up on firm spot demand

Written by Agencies | New Delhi | Updated: Mar 31 2011, 20:01pm hrs
Cardamom prices rose by Rs 10.40 to Rs 1,096 per kg in futures trade on Thursday, largely supported by a strong demand in the spot markets against restricted supply.

At the Multi Commodity Exchange, cardamom for delivery in April surged by Rs 10.40, or 0.95 per cent, to Rs 1,096 per kg, with a business volume of 136 lots.

Cardamom futures prices for delivery in May rose by Rs 10.50, or 0.94 per cent, to Rs 1,119 per kg, with a business volume of 128 lots.

Similarly, the spice of delivery in June rose by Rs 9.60, or 0.86 per cent, to Rs 1,116 per kg, with business turnover of 15 lots.

Market analysts said rise in cardamom futures prices was mostly influenced by strong domestic and export demand amid low stocks following restricted supplies.