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( As on 11/09/2017 16:00) Cardamom futures up on increasing demand

Cardamom futures were trading higher during the evening trade in the domestic market on Monday 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 October 2017 contract was trading at Rs 1197.50 per kg, up by 1.06 per cent, after opening at Rs 1195, against a previous close of Rs 1185. It touched the intra-day high of Rs 1200.50. (at 16:02 hours).