Cardamom futures up on surging demand
Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.
At the MCX, cardamom futures for June 2018 contract was trading at Rs 925 per kg, up by 0.52 per cent, after opening at Rs 916, against a previous close of Rs 920.20. It touched the intra-day high of Rs 925.
Mentha oil futures up on surging demand
Mentha oil futures were trading higher during the morning trade in the domestic market on Tuesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
At the MCX mentha oil futures for May 2018 contract was trading at Rs 1372 per kg up by 1.46 per cent after opening at Rs 1360 against the previous closing price of Rs 1352.30. It touched the intra-day high of Rs 1374.
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