MCX Service- Cardamom futures up on rising demand

MCX ServiceMCX Service– Cardamom 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 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. At the MCX, cardamom futures for October 2018 contract was trading at Rs 1469.90 per kg, up by 1.55 per cent, after opening at Rs 1470, against a previous close of Rs 1447.50. It touched the intra-day high of Rs 1470.

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