Uptick in demand lifts cardamom futures by 1%

NEW DELHI, Oct 18:  Amid pick up in demand in spot market against restricted supplies from producing belts, cardamom futures shot up by Rs 10.10, or 1 per cent to Rs 1,021.90 per kg today as participants built up fresh positions.
At Multi Commodity Exchange, cardamom for delivery in November month jumped up by Rs 10.10, or 1 per cent to Rs 1,021.90 per kg in business turnover of 29 lots.
The spice for delivery in far-month December traded higher by Rs 8.10, or 0.79 per cent to Rs 1,032.10 per kg with trading volume of 6 lots.
Analysts said traders created fresh positions following a strong in demand at spot market against restricted arrivals from producing regions. (PTI)

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