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Cardamom futures gain on spot demand

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Cardamom prices were higher by 2.08 per cent at Rs 1,465 per kg in futures trade today as speculators enlarged their positions amid an upsurge in physical demand in the domestic spot market.

Further, tight supplies from major producing regions also supported the upside in cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in February climbed by Rs 29.80 or 2.08 per cent, to Rs 1,465 per kg with trading volume of 73 lots.

Similarly, spice for delivery in March shot up by Rs 23.30, or 1.61 per cent to Rs 1,469.80 per kg in 82 lots.

Traders said widening of positions by participants, driven by surge in demand at the spot market against restricted supplies from producing regions, mainly kept cardamom prices higher at futures trade.

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Source: dnaindia.com