Uptick In Physical Demand Buoys Cardamom

Cardamom futures were trading higher during morning trade in the domestic market on Friday as investors and speculators build up fresh bets in the agri-commodity amid rise 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 July 2017 contract is trading at Rs 990 per kg, up by 0.93 per cent, after opening at Rs 990, against a previous close of Rs 980.90. It touched the intra-day high of Rs 990.

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