Robust demand lifts cardamom futures by 2.99%

Cardamom prices advanced 2.99 percent to Rs 1,317.40 per kg in futures trade today as participants built up fresh positions amid an upsurge in demand.

At the Multi Commodity Exchange, cardamom for delivery in October shot up by Rs 38.30, or 2.99 percent, to Rs 1,317.40 per kg in business turnover of 5 lots.

Likewise, the spice for delivery in September was up by Rs 23.50, or 1.73 percent, to Rs 1,385 per kg in 57 lots.

Analysts said fresh positions created by traders due to pick-up in demand in the physical market against restricted supplies from growing regions, pushed up cardamom prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)