Uptick in physical demand buoys cardamom futures

Uptick in physical demand buoys cardamom futures

01/06/2017 17:15

Cardamom futures jumped over 4 per cent during evening trade in the domestic market on Wednesday as investors and speculators extended their positions in the agri-commodity on 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 June 2017 contract is trading at Rs 1,013.20 per kg, up by 3.99 per cent, after opening at Rs 989.80, against a previous close of Rs 974.30. It touched the intra-day high of Rs 1013.20 (at 17:18 hours).
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