Uptick in demand lifts Cardamom Futures by 1.24%

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

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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 November 2016 contract is trading at Rs 1239 per kg, up by 1.24 per cent, after opening at Rs 1248, against a previous close of Rs 1223.80. It touched the intra-day high of Rs 1249


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