Tuesday, 31 January 2017

Uptick In Demand Lifts Cardamom Futures By 1.53%

Cardamom futures rose over 1% during morning trade in the domestic market on Tuesday as investors and speculators widened their bets in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.

At the MCX, cardamom futures for February 2017 contract is trading at Rs 1457.20 per kg, up by 1.53 per cent, after opening at Rs 1435, against a previous close of Rs 1435.20. It touched the intra-day high of Rs 1469.

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