Uptick in demand buoys cardamom futures
21/02/2017 10:41
Cardamom futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for March 2017 contract is trading at Rs 1449.30 per kg, up by 0.13 per cent, after opening at Rs 1442, against a previous close of Rs 1447.40. It touched the intra-day high of Rs 1450 (at 10:41 hours).
21/02/2017 10:41
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Cardamom futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for March 2017 contract is trading at Rs 1449.30 per kg, up by 0.13 per cent, after opening at Rs 1442, against a previous close of Rs 1447.40. It touched the intra-day high of Rs 1450 (at 10:41 hours).
