Uptick in demand buoys cardamom futures
03/07/2017
Cardamom futures rose over 1 per cent during morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh positions in the agri-commodity amid rising physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, buoyed the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1048.10 per kg, up by 1.37 per cent, after opening at Rs 1048, against a previous close of Rs 1033.90. It touched the intra-day high of Rs 1048.10 (at 10:25 hours).
03/07/2017
Cardamom futures rose over 1 per cent during morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh positions in the agri-commodity amid rising physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, buoyed the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1048.10 per kg, up by 1.37 per cent, after opening at Rs 1048, against a previous close of Rs 1033.90. It touched the intra-day high of Rs 1048.10 (at 10:25 hours).
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