International Spice Commodities Update – Cardamom

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Cardamom futures move up on rising spot demand

Rising for the third consecutive session, cardamom futures gained Rs 2.90 ($0.05, €0.04, £0.04) to Rs 615.50 ($11.64, €8.90, £7.42) per kg today on the back of steady demand in the spot market and low arrivals from producing regions.

At the Multi Commodity Exchange, January cardamom moved up by Rs 2.90 ($0.05, €0.04, £0.04), or 0.47%, to Rs 615.50 ($11.64, €8.90, £7.42) per kg, with an open interest for 127 lots.

The February contract delivery gained Rs 2 ($0.04, €0.03, £0.02), or 0.31%, at Rs 643 ($12.16, €9.30, £7.76) per kg in 17 lots.

Traders said besides rising demand in the spot market, low arrivals from producing regions mainly led to the rise in cardamom futures prices.

www.keresspices.com

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