International Spices Commodities Update – Cardamom

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Keres_Spices-Cardamom_Seeds-smallNEW DELHI: Cardamom prices rose further by Rs 6.90 ($0.11, €0.08, £0.06) to Rs 935 ($15.50, €11.46, £9.06) per kg in futures trade today as speculators created fresh positions, supported by rising demand in the spot markets.

At the Multi Commodity Exchange, cardamom for delivery in August rose Rs 6.90 ($0.11, €0.08, £0.06), or 0.74 per cent, to Rs 935 ($15.50, €11.46, £9.06) per kg in business turnover of 228 lots.

Similarly, the spice for delivery in September traded higher by Rs 5.60 ($0.11, €0.08, £0.06), or 0.61 per cent, to Rs 913 ($15.13, €11.18, £8.85) per kg in 39 lots.

Market analysts said fresh positions created by speculators following pick up in demand in the spot markets against restricted arrivals from producing regions mainly led to the rise in cardamom prices at futures trade.


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