Cardamom prices rose by Rs 3.40 to Rs 750 per kg in futures trade on Monday as speculators created fresh positions on the back of pick up in demand in the spot market. Besides, tight stocks positions in the physical market on less arrivals from producing regions also supported the uptrend. At the Multi Commodity Exchange, cardamom for delivery in August rose by Rs 3.40, or 0.46 per cent, to Rs 750 per kg in business turnover of 135 lots.
Similarly, the spice for delivery in September traded higher by Rs 3.20, or 0.36 per cent, to Rs 778.50 per kg in 26 lots. Sugar prices fell by 0.59 per cent to Rs 3,016 per quintal in futures trading today as speculators trimmed positions on the back of sluggish demand from bulk consumers in the spot market against increased supplies. At the National Commodity and Derivatives Exchange, sugar for delivery in August month fell by Rs 18, or 0.59 per cent to Rs 3016 per quintal with an open interest of 34510 lots. Similarly, the sweetener for delivery September contract traded lower by the same margin to Rs 3038 per quintal in 17710 lots.
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