Commodities

Cardamom rises on spot demand

PTI New Delhi | Updated on July 21, 2011 Published on July 21, 2011

Pick up in spot market demand against restricted arrivals from the producing regions mainly led to the rise in cardamom prices at futures market.

Cardamom prices rose by Rs 3.30 to Rs 903.50 per kg in futures trade today due to pick up in spot market demand against restricted arrivals from producing regions.

At the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 3.30 or 0.37 per cent to Rs 903.50 per kg, with a business turnover of 98 lots.

The spice of delivery in August also edged up by Rs 2.20 or 0.25 per cent to Rs 871.50 per kg with an open interest of 236 lots.

Traders said pick up in spot market demand against restricted arrivals from the producing regions mainly led to the rise in cardamom prices at futures market.

Published on July 21, 2011
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