Uptick in demand lifts cardamom futures by 1.27%

New Delhi, Nov 15 (PTI) Cardamom prices shot up by 1.27per cent to Rs 980 per kg in futures trading today asparticipants built up fresh positions a...

New Delhi, Nov 15 (PTI) Cardamom prices shot up by 1.27per cent to Rs 980 per kg in futures trading today asparticipants built up fresh positions amid pick-up in demand.

Furthermore, tight stock position on fall in arrivalsfrom growing regions supported the upside.

At the Multi Commodity Exchange, cardamom for delivery inDecember went up by Rs 12.30, or 1.27 per cent, to Rs 980per kg in a business turnover of 16 lots.

Likewise, the spice for delivery this month tradedhigher by Rs 10, or 1.20 per cent, to Rs 840 per kg withtrading volume of just one lot.

Analysts said fresh positions created by traders due topick up in demand in the spot market against restrictedarrivals from producing regions mainly pushed up cardamomprices in futures trade. PTI DP SUNARD.

This is unedited, unformatted feed from the Press Trust of India wire.

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