Uptick in physical demand buoys cardamom 12/06/2017

Uptick in physical demand buoys cardamom
12/06/2017

Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build 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 July 2017 contract is trading at Rs 982.50 per kg, up by 0.77 per cent, after opening at Rs 978, against a previous close of Rs 975. It touched the intra-day high of Rs 987.20 (at 10:43 hours).

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