Cardamom Futures Zoom 3.66% As Demand Ticks Up

Cardamom futures jumped over 3 per cent during morning trade in the domestic market on Thursday as investors and speculators extended their bets in the agri-commodity amid surge 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 1010 per kg, up by 3.66 per cent, after opening at Rs 989.80, against a previous close of Rs 974.30. It touched the intra-day high of Rs 1013.20.

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