Upsurge in demand lifts cardamom futures by 4%
19/06/2017
Cardamom futures jumped over 4 per cent during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid upsurge 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 July 2017 contract is trading at Rs 1071.50 per kg, up by 4 per cent, after opening at Rs 1050, against a previous close of Rs 1030.30. It touched the intra-day high of Rs 1071.50 (at 10:19 hours).
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19/06/2017
Cardamom futures jumped over 4 per cent during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the agri-commodity amid upsurge 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 July 2017 contract is trading at Rs 1071.50 per kg, up by 4 per cent, after opening at Rs 1050, against a previous close of Rs 1030.30. It touched the intra-day high of Rs 1071.50 (at 10:19 hours).
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