Uptick in physical demand buoys cardamom futures
08/06/2017
Cardamom futures rose 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 June 2017 contract is trading at Rs 1179 per kg, up by 2.03 per cent, after opening at Rs 1173.90, against a previous close of Rs 1155.50. It touched the intra-day high of Rs 1180 (at 10:47 hours).
08/06/2017
Cardamom futures rose 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 June 2017 contract is trading at Rs 1179 per kg, up by 2.03 per cent, after opening at Rs 1173.90, against a previous close of Rs 1155.50. It touched the intra-day high of Rs 1180 (at 10:47 hours).
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