Cardamom futures up on rising demand: Ripples Advisory

ripples advisory

Cardamom futures up on rising demand: Ripples Advisory

Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday 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 1017.10 per kg, up by 1.17 per cent, after opening at Rs 1015, against a previous close of Rs 1005.30. It touched the intra-day high of Rs 1019.

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