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05-Jul2017

Cardamom futures edge higher on surge in demand

Cardamom futures edged higher on MCX as speculators build up fresh positions 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 too fuelled the uptrend. 

The contract for July delivery was trading at Rs 1082.80, up by 0.42% or Rs 4.50 from its previous closing of Rs 1078.30. The open interest of the contract stood at 527 lots.

The contract for August delivery was trading at Rs 1005.00, up by 0.96% or Rs 9.60 from its previous closing of Rs 995.40. The open interest of the contract stood at 299 lots on MCX.


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