Cardamom futures remain up, gain 2.77 pc on spot demand

Cardamom prices strengthened by 2.77 per cent to Rs 990 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 July rose by Rs 26.70, or 2.77 per cent, to Rs 990 per kg, with a trading volume of 130 lots.

Similarly, spice for delivery in current month was trading up by Rs 1.30, or 0.11 per cent, to Rs 1,180 per kg, in trading volume of one lot.

Analysts attributed the rise in cardamom prices in futures trade to widening of positions by participants, tracking a firm trend at the spot markets and pick up in export demand.

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