Cardamom futures surge 1.09% on pickup in demand
23/08/2016 10:41
Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators indulged in building up fresh positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported the uptrend in domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,181 per kg, up by 1.09 per cent, after opening at Rs 1,182, against a previous close of Rs 1,168.30. It touched the intra-day high of Rs 1,200 (at 10:39 hours).
