Cardamom futures up on rising demand

ripplesadvisoryCardamom futures were trading higher during the morning trade in the domestic market on Monday 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 August 2018 contract was trading at Rs 1150 per kg, up by 1.63 per cent, after opening at Rs 1138, against a previous close of Rs 1131.50. It touched the intra-day high of Rs 1151.

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