Cardamom jumps on firm physical demand 08/08/2016

Cardamom jumps on firm physical demand
08/08/2016 14:20

Cardamom futures rose during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower arrivals from the major cardamom producing belts in the country also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for August 2016 contract is trading at Rs 986 per kg, up by 0.69 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 14:19 PM).