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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 a 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.

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