Cardamom futures remain up, gain 1.32 pc on spot demand

Cardamom prices strengthened by 1.32 per cent to Rs 960 per kg in futures market today as investors extended bets, tracking a firm trend at spot market on strong domestic as well as exports demand.

Besides, tight stocks position on fall in supplies from producing regions supported the upmove.

At the Multi Commodity Exchange, cardamom for delivery in August rose Rs 12.50, or 1.32 per cent, to Rs 960 per kg with a trading volume of 5 lots.

Similarly, the spice for delivery in September was trading up by Rs 2.60, or 0.29 per cent, to Rs 890 per kg in just one lot.

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 in futures trade.

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