Cardamom rises on demand from stockists
05/05/2015 10:40
Cardamom prices firmed up in an otherwise steady wholesale kirana market today on increased buying by stockists, driven by a pickup in demand. However, other spices moved in a narrow range in scattered deals and settled around previous levels. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 888 per kg, up by 1.09 per cent, after opening at Rs. 889 against the previous closing price of Rs. 878.40. It touched the intra-day high of Rs. 893.60 till the trading. (At 10.35 AM today). Traders said increased buying by stockists on the back of a rise in demand against restricted supplies 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.
05/05/2015 10:40
Cardamom prices firmed up in an otherwise steady wholesale kirana market today on increased buying by stockists, driven by a pickup in demand. However, other spices moved in a narrow range in scattered deals and settled around previous levels. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 888 per kg, up by 1.09 per cent, after opening at Rs. 889 against the previous closing price of Rs. 878.40. It touched the intra-day high of Rs. 893.60 till the trading. (At 10.35 AM today). Traders said increased buying by stockists on the back of a rise in demand against restricted supplies 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.
