Cardamom futures clock 2.46% rise as demand ticks up 15/06/2017

Cardamom futures clock 2.46% rise as demand ticks up
15/06/2017

Cardamom futures jumped over 2 per cent during morning trade in the domestic market on Thursday as investors and speculators extended their bets in the agri-commodity amid surge 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 July 2017 contract is trading at Rs 987 per kg, up by 2.46 per cent, after opening at Rs 980, against a previous close of Rs 963.30. It touched the intra-day high of Rs 990 (at 10:47 hours).

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