Uptick in physical demand buoys cardamom futures 20/06/2017

Uptick in physical demand buoys cardamom futures
20/06/2017

Cardamom futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh positions in the agri-commodity amid an increase 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 1081 per kg, up by 0.89 per cent, after opening at Rs 1103.60, against a previous close of Rs 1071.50. It touched the intra-day high of Rs 1103.60 (at 10:05 hours).

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