Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday as investors widened their bets in the agri-commodity amid a pickup in physical demand for Cardamom in the domestic spot market.

Further, restricted supplies amid lower physical arrivals from the major Cardamom producing belts in the country also exerted upward pressure on domestic Cardamom prices. At MCX, Cardamom futures for August 2016 contract is trading at Rs 936.50 per kg, up by 0.17 %, after opening at Rs 940, against a previous close of Rs 934.90. It touched the intra-day high of Rs 940.70

Cardamom on MCX settled down by -0.05% at 934.9 on profit booking after gaining on account of good buying support from both exporters and upcountry buyers. Small cardamom markets were showing a steady trend last week on matching demand and supply at auctions held in Kerala and Tamil Nadu. Good colour bold capsules were fetching Rs. 20 more per kg while that of inferior quality was being sold at Rs. 10-20 less, market sources said. At auction held by the Cardamom Planters’ Association (CPA), the average price remained by and large steady at Rs. 735.31 a kg against Rs. 734.92 the previous Monday.