Uptick in demand lifts cardamom futures by 2.42%
24/04/2017
Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators extended their positions 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 upwardtrend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1214.30 per kg, up by 2.42 per cent, after opening at Rs 1180, against a previous close of Rs 1185.60. It touched the intra-day high of Rs 1218.90 (at 10:16 hours).
24/04/2017
Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators extended their positions 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 upwardtrend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1214.30 per kg, up by 2.42 per cent, after opening at Rs 1180, against a previous close of Rs 1185.60. It touched the intra-day high of Rs 1218.90 (at 10:16 hours).
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