Cardamom futures gain on upsurge in demand

Cardamom futures gain on upsurge in demand

25/10/2016 16:49

Cardamom futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity amid upsurge in physical demand for cardamom in the domestic spot market along with export demand. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1228.90 per kg, up by 0.20 per cent, after opening at Rs 1249, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1253 (at 16:50 hours).
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