Cardamom futures were trading higher during morning trade in the domestic market on Monday as investors and speculators widened their bets in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market.

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At the MCX, cardamom futures for February 2017 contract is trading at Rs 1513 per kg, up by 0.52 per cent, after opening at Rs 1520, against a previous close of Rs 1505.10. It touched the intra-day high of Rs 1520. 

                     Trading Ideas  

1. Cardamom trading range for the day is 1503.8-1554.6. 

2. Cardamom gained amid good export from exporters in view of hopes of higher export contracts. 

3. Cardamom arrivals reported down by 104620 kgs during January (2017) month as compared to last month.  

4. Supply compared to corresponding period of last year January (2016) month decreased by 614798 kgs. 

5. Cardamom prices in spot market gained by 2.80 rupees and settled at 1474.10 rupees.