| Date: |
06-07-2011 |
| Subject: |
Cardamom Futures Up On Spot Demand |
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Cardamom prices rose by Rs 12 to Rs 895.80 per kg in futures trade on Tuesday on the back of pick-up in spot market demand amid low stocks due to restricted arrivals from producing regions.
On the Multi Commodity Exchange, cardamom for delivery in September rose by Rs 12, or 1.35 per cent, to Rs 895.80 per kg, with a trading volume of 31 lots.
The spice of delivery in August also added Rs 11.50, or 1.33 per cent, to Rs 871.90 per kg, with an open interest of 155 lots.
Similarly, for delivery in July, the prices went up by Rs 10.40, or 1.26 per cent, to Rs 831 per kg, with a business volume of 248 lots.
Traders said pick-up in spot market demand against restricted arrivals from the producing regions, mainly led to the rise in cardamom prices at futures market.
Source : financialexpress.com
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