Cardamom futures up on rising demand

ripplesadvisoryCardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.

At the MCX, cardamom futures for July 2018 contract was trading at Rs 976 per kg, up by 0.83 per cent, after opening at Rs 976, against a previous close of Rs 968. It touched the intra-day high of Rs 976

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