NEW DELHI: Cardamom prices edged higher by Rs 18.50, or 2.21 per cent, to Rs 854.90 per kg in futures trade today largely on the back of a firming trend in the spot market, driven by strong domestic and export demand.
In addition, reduced supplies from the growing belts also influenced prices of the commodity.
At the Multi Commodity Exchange counter, cardamom for November rose by Rs 18.50, or 2.21 per cent, to Rs 854.90 per kg, with a trading volume of 653 lots.
The spice for delivery in December gained by Rs 18.60, or 2.07 per cent, to Rs 914 per kg, with a business volume of 105 lots.
Traders said pick-up in demand domestic and export demand in the spot market for the festive season, led to the rise in cardamom futures prices.
Source: economic times
In addition, reduced supplies from the growing belts also influenced prices of the commodity.
At the Multi Commodity Exchange counter, cardamom for November rose by Rs 18.50, or 2.21 per cent, to Rs 854.90 per kg, with a trading volume of 653 lots.
The spice for delivery in December gained by Rs 18.60, or 2.07 per cent, to Rs 914 per kg, with a business volume of 105 lots.
Traders said pick-up in demand domestic and export demand in the spot market for the festive season, led to the rise in cardamom futures prices.
Source: economic times
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