Wednesday, September 14, 2016

Today Cardamom futures zoom 1.57% in demand

Cardamom futures were trading high in the morning trade in the domestic market on Wednesday as investors and speculators build up recent positions in the agri-commodity amid surge in physical demand for cardamom in the domestic spot market. In addition, insufficient stocks position amid restricted supplies from producing regions, supported the uptrend in domestic cardamom rates.

At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,200 per kg, up by 1.57 %, after opening at Rs 1,200, against a last close of Rs 1,181.50. It touched the intra-day high of Rs 1,200.