Cardamom futures rise 1.81% on spot demand on December 29

Published: Dec 29, 2017, 18:17 IST | PTI

Cardamom prices traded 1.81 per cent higher at Rs 1,098 per kg in futures trade on Friday as participants built up fresh positions amid upsurge in domestic as well as export demand in spot market

Cardamom futures rise 1.81% on spot demand on December 29

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New Delhi: Cardamom prices traded 1.81 per cent higher at Rs 1,098 per kg in futures trade on Friday as participants built up fresh positions amid upsurge in domestic as well as export demand in spot market. Besides, tight stock position on fall in arrivals from major producing regions supported the upmove.

At the Multi Commodity Exchange, cardamom for delivery in January traded Rs 19.60, or 1.81 per cent, higher at Rs 1,098 per kg in business turnover of 8 lots. Similarly, the contract for February delivery was trading at Rs 1,135.10, up 1.56 per cent, or Rs 17.40 with trading volume of 30 lots.

Analysts said fresh positions created by traders after uptick in demand in the physical market against restricted supplies from producing belts led to the rise in prices.

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