Cardamom futures zoom 1.10% on pick up in demand 08/08/2016

Cardamom futures zoom 1.10% on pick up in demand
08/08/2016 10:30
Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators indulged in fresh buying in the agri-commodity amid a surge in physical demand for cardamom in the domestic spot market. Further, restricted supplies amid insufficient physical arrivals from the major cardamom producing belts in the country buoyed domestic cardamom prices. At the MCX, cardamom futures for August 2016 contract is trading at Rs 990 per kg, up by 1.10 per cent, after opening at Rs 995, against a previous close of Rs 979.20. It touched the intra-day high of Rs 995 (at 10:29 hours).