April 22, 2016, FridayCardamom up 0.7% on spot demand
Continuing its rising streak for the second straight day, cardamom prices were
up by 0.68% to Rs 779.50 per kg in futures market today as participants
enlarged positions, tracking a firm trend at spot market on strong
Furthermore, restricted supplies from producing regions and some exports enquiries supported the upside.
At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs
5.30, or 0.68% to Rs 779.50 per kg in a business turnover of 82 lots.
In a similar fashion, the spice for delivery in far-month June traded higher by Rs 4.80, or 0.60% to Rs 810 per kg in 14 lots.
Market analysts said widening of positions by traders on the back of
rising demand in the spot market against restricted supplies from
producing belts mainly led an upward movements in cardamom prices at
the date: Friday, April 22, 2016