Cardamom Futures Zoom 1.52% On Rise In Physical Demand

Cardamom futures rose over 1 per cent during the morning trade in the domestic market on Friday as investors and speculators built up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. 

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for December 2016 contract is trading at Rs 1379 per kg, up by 1.52 per cent, after opening at Rs 1380, against a previous close of Rs 1358.30. It touched the intra-day high of Rs 1390.

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