Cardamom Futures rise 0.22% as Demand picks up

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Cardamom futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators build up fresh bets 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, supported the upwardtrend in the domestic cardamom prices. 

At the MCX, cardamom futures for April 2017 contract is trading at Rs 1392.50 per kg, up by 0.22 per cent, after opening at Rs 1392, against a previous close of Rs 1389.50. It touched the intra-day high of Rs 1395

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