Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cardamom  :  Cardamom futures modestly higher on firm demand

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.


Related News

View all news

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......

Cardamom futures trade higher on MCX

Cardamom futures traded higher on MCX, as speculators widened their holdings with the heavy rains in Kerala causing floods in several districts including largest cardamom growing-Idukki. Meanwhile, heavy......

Top News

View all news

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......