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Thursday 8 September 2016

Cardamom surges over 1% on upbeat physical demand : 8 Sept 2016

Cardamom futures jumped over 1 per cent during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom from major consuming industries in the domestic spot market.

Further, restricted supplies amid lower physical arrivals from the major cardamom producing regions in the country also exerted upward pressure on domestic cardamom prices.

At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,146 per kg, up by 1.29 per cent, after opening at Rs 1,138.80, against a previous close of Rs 1,131.40. It touched the intra-day high of Rs 1,150 


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