Cardamom futures zoom 4% as physical demand picks up 02/06/2017

Cardamom futures zoom 4% as physical demand picks up
02/06/2017

Cardamom futures jumped over 4 per cent during morning trade in the domestic market on Friday 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 June 2017 contract is trading at Rs 1,053.70 per kg, up by 4 per cent, after opening at Rs 1,043.50, against a previous close of Rs 1013.20. It touched the intra-day high of Rs 1053.70 (at 10:49 hours).

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