Rise in demand buoys cardamom futures

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Cardamom futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators built up fresh bets in the agri-commodity amid increase 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 upward trend in the domestic cardamom prices.

At the MCX, cardamom futures for March 2017 contract is trading at Rs 1448.30 per kg, up by 0.99 %, after opening at Rs 1440, against a previous close of Rs 1434.10. It touched the intra-day high of Rs 1452.50.

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