Uptick in demand buoys cardamom futures
12/04/2017 10:34
Cardamom futures rose over 1 per cent during morning trade in the domestic market on Wednesday as investors and speculators extended their positions in the agri-commodity amid surge 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 uptrend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1278.70 per kg, up by 1.23 per cent, after opening at Rs 1265.60, against a previous close of Rs 1263.20. It touched the intra-day high of Rs 1284 (at 10:36 hours).
12/04/2017 10:34
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Cardamom futures rose over 1 per cent during morning trade in the domestic market on Wednesday as investors and speculators extended their positions in the agri-commodity amid surge 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 uptrend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1278.70 per kg, up by 1.23 per cent, after opening at Rs 1265.60, against a previous close of Rs 1263.20. It touched the intra-day high of Rs 1284 (at 10:36 hours).
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