Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cardamom  :  Cardamom futures edge higher on MCX

22-Sep2016

Cardamom futures edge higher on MCX

Cardamom futures edged higher on MCX as investors started building up fresh positions amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions too fuelled the uptrend.

The contract for October delivery was trading at Rs 1152.60, up by 1.24% or Rs 14.10 from its previous closing of Rs 1138.50. The open interest of the contract stood at 879.00 lots.

The contract for November delivery was trading at Rs 1182.00, up by 1.12% or Rs 13.10 from its previous closing of Rs 1168.90. The open interest of the contract stood at 509.00 lots on MCX.


Related News

View all news

Cardamom futures trade higher on firm demand

Cardamom futures traded higher on MCX, as market players accumulated their bets on low production prospects followed by firm demand from spot domestic markets. Moreover, tight inventory levels after heavy......

Cardamom futures decline on muted demand

Cardamom futures declined on MCX, as market participants trimmed their bets followed by muted demand from physical markets. Meanwhile, concerns about demand from UAE due to strict pesticide rule also weighed......

Cardamom futures tick higher on MCX

Cardamom futures declined on MCX, as speculators widened their positions counting heavy loses to crop amid recent floods. Besides, improved export and spot demand also fuelled the uptrend.The contract......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......