Cardamom futures climb 4% on good demand

NEW DELHI, June 11: Cardamom prices surged 4 per cent to hit an upper circuit at Rs 914.50 per kg in futures trading today as participants built up huge positions amid pick-up in demand.
Tight stocks position on fall in arrivals from growing regions also supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in July was trading higher by Rs 35.10, or 4 per cent, to hit an upper limit at Rs 914.50 per kg in a business turnover of 51 lots.
For August, the spice traded higher by Rs 26.30, or 3 per cent, to Rs 903.70 per kg with trading volume of just 3 lots.
Analysts said fresh positions created by traders due to pick up in demand in spot market lifted cardamom prices notably higher. (PTI)


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