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04-Jan2018

Cardamom futures modestly higher on firm demand

Cardamom futures traded higher on MCX, as spot demand firmed up in tandem with depleting inventories in the upcountry markets coupled with buying support from consuming centres. Besides, tight stock position on fall in arrivals from major producing regions supported the price uptrend.

The contract for January delivery was trading at Rs 1089.80 up by 1.04% or Rs 11.20 from its previous closing of Rs 1078.60. The open interest of the contract stood at 283 lots on MCX.

The contract for February delivery was trading at Rs 1138.90 gained by 0.87% or Rs 9.80 from its previous closing of Rs 1129.10. The open interest of the contract stood at 354 lots.


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