Uptick In Demand Buoys Cardamom Futures News By Ripples Advisory

Cardamom futures were trading higher during morning trade in the domestic market on Friday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. 

At the MCX, cardamom futures for August 2017 contract is trading at Rs 1010.50 per kg, up by 0.33 per cent, after opening at Rs 1013, against a previous close of Rs 1007.20. It touched the intra-day high of Rs 1013.

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