Uptick In Demand Buoys Cardamom Futures



Cardamom futures were trading higher during morning trade in the domestic market on Tuesday 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 restricted physical arrivals from the major cardamom producing regions, supported the upwardtrend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1217.30 per kg, up by 0.29 per cent, after opening at Rs 1210, against a previous close of Rs 1213.80. It touched the intra-day high of Rs 1222.10

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