Cardamom futures up by 1.20% on spot demand

Cardamom prices went up by 1.20 per cent to Rs 1,185 per kg in futures market today as speculators enlarged positions on positive cues from spot market.

Besides, tight stocks position on fall in arrivals from producing belts fuelled the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in September month moved up by Rs 14, or 1.20 per cent to Rs 1,185 per kg in business turnover of 15 lots.

On similar lines, the spice for delivery in October was trading higher by Rs 10.90, or 0.97 per cent, to Rs 1,140 per kg in 19 lots.

Marketmen said expanding of positions by traders owing to uptick in demand in the spot market against restricted supplies from producing belts mainly led to rise in cardamom prices at futures trade.

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