Uptick in demand lifts cardamom futures by 2.07%
22/06/2017
Cardamom futures rose over 2 per cent during morning trade in the domestic market on Thursday as investors and speculators build up fresh positions 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 August 2017 contract is trading at Rs 975 per kg, up by 2.07 per cent, after opening at Rs 975, against a previous close of Rs 955.20. It touched the intra-day high of Rs 975 (at 10:20 hours).
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22/06/2017
Cardamom futures rose over 2 per cent during morning trade in the domestic market on Thursday as investors and speculators build up fresh positions 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 August 2017 contract is trading at Rs 975 per kg, up by 2.07 per cent, after opening at Rs 975, against a previous close of Rs 955.20. It touched the intra-day high of Rs 975 (at 10:20 hours).
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