Uptick In Demand Buoys Cardamom Futures

Cardamom futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators extended their 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 June 2017 contract is trading at Rs 1045 per kg, up by 0.23 per cent, after opening at Rs 1041, against a previous close of Rs 1042.60. It touched the intra-day high of Rs 1045.

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