Cardamom Futures Zoom 1.68% As Demand Picks Up

Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators build up fresh positions in the agri-commodity amid pick up in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for December 2016 contract is trading at Rs 1,311 per kg, up by 1.68 per cent, after opening at Rs 1,295, against a previous close of Rs 1,289.40. It touched the intra-day high of Rs 1,313.90.

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