Cardamom Futures Up On Surging Demand

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Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise 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 February 2018 contract was trading at Rs 1178.80 per kg, up by 0.44 per cent, after opening at Rs 1170, against a previous close of Rs 1173.60. It touched the intra-day high of Rs 1184.

 

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