Cardamom futures remain up on rising demand
Cardamom prices advanced by 1.77 per cent to Rs 1,188 per kg in futures trade today as speculators engaged in enlarging their positions, tracking a firm trend at spot market on strong demand.
Besides, tight stocks position on fall in arrivals from producing belts too fulled the uptrend.
At the Multi Commodity Exchange, cardamom for delivery in October shot up by Rs 20.70, or 1.77 per cent to Rs 1,188 per kg in business turnover of 63 lots.
On similar lines, the spice for delivery in November traded higher by Rs 18.50, or 1.62 per cent to Rs 1,164 per kg in 12 lots.
Analysts said widening of positions by traders on the back of strong demand supported by ongoing festive season against restricted supplies from producing regions mainly kept cardamom prices higher at futures trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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