Uptick in demand buoys cardamom futures
05/07/2017
Cardamom futures were trading higher during morning trade in the domestic market on Wednesday 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, buoyed the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1080 per kg, up by 0.16 per cent, after opening at Rs 1080, against a previous close of Rs 1078.30. It touched the intra-day high of Rs 1082.50 (at 10:21 hours).
05/07/2017
Cardamom futures were trading higher during morning trade in the domestic market on Wednesday 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, buoyed the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1080 per kg, up by 0.16 per cent, after opening at Rs 1080, against a previous close of Rs 1078.30. It touched the intra-day high of Rs 1082.50 (at 10:21 hours).
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