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Published on 14/02/2018 11:01:52 AM | Source: Dion Global Solutions Ltd

Cardamom futures up on surging demand

Posted in Commodity Top News| #Cardamom #MCX #Commodity

Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.

At the MCX, cardamom futures for March 2018 contract was trading at Rs 1152 per kg, up by 0.07 per cent, after opening at Rs 1135.10, against a previous close of Rs 1151.20. It touched the intra-day high of Rs 1164.90.