Uptick in physical demand buoys cardamom futures
14/06/2017
Cardamom futures were trading higher during morning trade in the domestic market on Wednesday 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 958 per kg, up by 0.68 per cent, after opening at Rs 956, against a previous close of Rs 951.50. It touched the intra-day high of Rs 958 (at 10:49 hours).
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14/06/2017
Cardamom futures were trading higher during morning trade in the domestic market on Wednesday 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 958 per kg, up by 0.68 per cent, after opening at Rs 956, against a previous close of Rs 951.50. It touched the intra-day high of Rs 958 (at 10:49 hours).
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