Cardamom futures surge on pickup in demand

Cardamom futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators build up fresh bets in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. 

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. 

At the MCX, cardamom futures for February 2017 contract is trading at Rs 1,472 per kg, up by 0.53 per cent, after opening at Rs 1468.10, against a previous close of Rs 1464.20. It touched the intra-day high of Rs 1475.

Get real time advice from Our Best Advisory -  Capitalstars  

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA00000164