Cardamom futures zoom on pickup in demand
16/08/2016 10:46
Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators indulged in fresh buying in the agri-commodity amid a rise 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 supported domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,028.70 per kg, up by 1.73 per cent, after opening at Rs 1,021, against a previous close of Rs 1,011.20. It touched the intra-day high of Rs 1,038 (at 10:45 hours).
