Breaking News

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


Cardamom futures surge on MCX

Cardamom futures surged on MCX on expectation of rising demand at the spot market ahead of festival season in the north Indian states. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions too fuelled the uptrend.

The contract for November delivery was trading at Rs 1207.00, up by 2.34% or Rs 27.60 from its previous closing of Rs 1179.40. The open interest of the contract stood at 856 lots.

The contract for December delivery was trading at Rs 1216.10, up by 2.22% or Rs 26.40 from its previous close of Rs 1189.70. The open interest of the contract stood at 349 lots on MCX.


Related News

View all news

Cardamom futures trade in red on muted demand

Cardamom futures traded in red on MCX on the back of muted demand at spot market. However, diminishing stocks at auction centres in Kerala, trimmed some losses.The contract for May delivery was trading......

Cardamom futures surge on pick-up in demand

Cardamom futures surged on MCX as participants created huge speculative positions amid pick-up in domestic demand. Moreover, diminished arrivals from growing regions buoyed the upward momentum.The contract......

Cardamom futures trade up on rise in demand

Cardamom futures traded up on MCX on reports of dry weather conditions in key growing areas over the past one month that led to fears of fall in output. Moreover, rise in demand at the spot market fuelled......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......