Uptick in physical demand buoys cardamom futures
03/05/2017
Cardamom futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators started building 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 upward trend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1218 per kg, up by 0.16 per cent, after opening at Rs 1210, against a previous close of Rs 1216.10. It touched the intra-day high of Rs 1219.40 (at 10:29 hours).
Equity Cash/Futures/Options Segment
03/05/2017
Cardamom futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators started building 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 upward trend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1218 per kg, up by 0.16 per cent, after opening at Rs 1210, against a previous close of Rs 1216.10. It touched the intra-day high of Rs 1219.40 (at 10:29 hours).
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