Uptick in demand buoys cardamom futures
03/04/2017 10:50
Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid rise 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 uptrend in the domestic cardamom prices. At the MCX, cardamom futures for April 2017 contract is trading at Rs 1408 per kg, up by 0.54 per cent, after opening at Rs 1396.30, against a previous close of Rs 1400.40. It touched the intra-day high of Rs 1411 (at 10:51 hours).
03/04/2017 10:50
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Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid rise 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 uptrend in the domestic cardamom prices. At the MCX, cardamom futures for April 2017 contract is trading at Rs 1408 per kg, up by 0.54 per cent, after opening at Rs 1396.30, against a previous close of Rs 1400.40. It touched the intra-day high of Rs 1411 (at 10:51 hours).
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