Published on 15/11/2017 10:45:43 AM | Source: Dion Global Solutions Ltd.

Cardamom futures rise on increasing demand

Posted in Top Stories| #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 December 2017 contract was trading at Rs 970 per kg, up by 0.24 per cent, after opening at Rs 970, against a previous close of Rs 967.70. It touched the intra-day high of Rs 970.