Rising spot demand lifts cardamom futures by 0.28%

NEW DELHI, Aug 16: Cardamom prices went up by 0.28 per cent to Rs 1,176 per kg in futures trading today as participants built up fresh positions, tracking a firm trend at spot markets on strong domestic as well as export demand.

At Multi Commodity Exchange, cardamom for delivery in September rose by Rs 3.30, or 0.28 per cent to Rs 1,176 per kg in business turnover of 93 lots.

On similar lines, the spice for delivery in October contracts was trading higher by Rs 2.70, or 0.24 per cent to Rs 1,135.50 per kg in 5 lots.

Analysts said fresh positions created by traders, taking positive cues from spot market on strong domestic as well as exports demand against tight stocks position on fall in supplies from producing regions, supported the upside in cardamom prices at futures trade. (PTI)


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