Firm physical demand lifts Cardamom
05/08/2016 12:20
Cardamom futures rose during noon trade in the domestic market on Friday 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 960 per kg, up by 0.79 per cent, after opening at Rs 962.80, against a previous close of Rs 952.50. It touched the intra-day high of Rs 962.80 (at 12:07 PM).
05/08/2016 12:20
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 960 per kg, up by 0.79 per cent, after opening at Rs 962.80, against a previous close of Rs 952.50. It touched the intra-day high of Rs 962.80 (at 12:07 PM).
