Cardamom prices were up 0.01 per cent at Rs 808 per kg in futures trading today as speculators created fresh bets supported by pick-up in domestic demand and tight supplies from producing belts. At MCX, Cardamom futures for July 2015 contract were trading at Rs. 808 per kg, up by 0.01 per cent, after opening at Rs. 806 against the previous closing price of Rs. 807.90.
It touched the intra-day high of Rs. 810 till the trading. Traders said fresh positions built up by speculators after pick-up in demand in the spot market against restricted arrivals from producing belts mainly led to the rise in cardamom prices. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
It touched the intra-day high of Rs. 810 till the trading. Traders said fresh positions built up by speculators after pick-up in demand in the spot market against restricted arrivals from producing belts mainly led to the rise in cardamom prices. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
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