Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid surge in physical demand for cardamom in the domestic spot market.

Cardamom on MCX settled down by -0.24% at 1137.4 as the new crop started arriving in slightly higher volumes. Consequently, the buyers have resorted to a wait-and-watch approach and that in turn led to a decline in the prices. Arrival of the new crop has prompted exporters to enter the market and they estimated to have bought around 10 tonnes of the capsules. Of the current arrivals, around 20-25 per cent of capsules were of the new crop. Export shipments in 2016-17 are expected to drop due to expectations of less availability on higher domestic consumption and higher prices. 

                   At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,142 per kg, up by 0.94 per cent, after opening at Rs 1,138.80, against a previous close of Rs 1,131.40. It touched the intra-day high of Rs 1,142.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.