Cardamom futures climb 4% on higher demand

NEW DELHI, July 2: Cardamom prices surged 4 per cent to hit an upper circuit at Rs 1,034.40 per kg in futures trade 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 the current month was trading higher by Rs 39.70, or 4 per cent, to hit an upper limit at Rs 1,034.40 per kg in a business turnover of 27 lots.
For August, the spice traded higher by Rs 39.10, or 4 per cent, to Rs 1,017.80 per kg with trading volume of 57 lots.
Analysts said fresh positions created by traders due to pick up in demand in spot market lifted cardamom prices notably higher. (PTI)


Please enter your comment!
Please enter your name here