Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday 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 May 2018 contract was trading at Rs 954.70 per kg, up by 3 per cent, after opening at Rs 954.70, against a previous close of Rs 926.90. It touched the intra-day high of Rs 954.70
Mentha oil futures up on rising demand
Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday 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 1393.90 per kg up by 1.72 per cent after opening at Rs 1371 against the previous closing price of Rs 1370.30. It touched the intra-day high of Rs 1405
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