Recent Market Updates on MCX,Commodity

Cardamom prices rose further by 1.19 per cent to Rs 1,149.90 per kg in futures trade today as speculators enlarged positions, taking positive cues from spot markets on rising domestic and exports demand.

At the Multi Commodity Exchange, cardamom for delivery this month rose by Rs 13.50, or 1.19 per cent, to Rs 1,149.90 per kg, in a business turnover of two lots.

On similar lines, the spice for delivery in July traded higher by Rs 10.50, or 1.05 per cent, to Rs 1,005 per kg in 14 lots.

Analysts said expanding of positions by participants on the back of strong domestic as well as exports demand against tight stocks position on restricted arrivals from producing regions, mainly kept cardamom prices higher at futures trade.

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