Cardamom futures rise 0.64% as demand picks up

Cardamom prices edged up by 0.64 per cent to Rs 945 per kg in futures trading today as speculators built up fresh positions due to pick-up in demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in far-month December went up by Rs 6, or 0.64 per cent to Rs 945 per kg in business turnover of 10 lots.

Likewise, the spice for delivery in November traded higher by Rs 2.60, or 0.27 per cent to Rs 958.90 per kg in 6 lots.

Marketmen said fresh positions created by participants following pick up in demand in the physical market against tight stocks position on fall in arrivals from growing regions, mainly influenced cardamom prices at futures trade.

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