Cardamom futures up on surging demand

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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 rising 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.

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At the MCX, cardamom futures for March 2018 contract was trading at Rs 1152 per kg, up by 0.07 percent, after opening at Rs 1135.10, against a previous close of Rs 1151.20. It touched the intra-day high of Rs 1164.90.

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