Cardamom futures rise amid pickup in spot demand
03/08/2017
Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.At the MCX, cardamom futures for September 2017 contract was trading at Rs 1102 per kg, up by 0.37 per cent, after opening at Rs 1097.70, against a previous close of Rs 1097.90. It touched the intra-day high of Rs 1109.70 (at 11:02 hours).
03/08/2017
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Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.At the MCX, cardamom futures for September 2017 contract was trading at Rs 1102 per kg, up by 0.37 per cent, after opening at Rs 1097.70, against a previous close of Rs 1097.90. It touched the intra-day high of Rs 1109.70 (at 11:02 hours).
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