Cardamom futures up on increasing demand

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MCX TipsCardamom futures were trading higher during the morning trade in the domestic market on Wednesday as investors and speculators extended their positions in the agri-commodity amid rising in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions supported the upward trend in the domestic cardamom prices.
At the MCX, cardamom futures for June 2018 contract was trading at Rs 913 per kg, up by 0.64 percent, after opening at Rs 901, against a previous close of Rs 907.20. It touched the intra-day high of Rs 913.

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