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Cardamom futures remain up on rising demand

Cardamom futures remain up on rising demand

Friday, August 11, 2017

 

Cardamom prices strengthened by 1.56 per cent to Rs 1,178 per kg in futures trading today as participants engaged in raising their bets, tracking a firm trend at spot market on rising demand. At Multi Commodity Exchange, cardamom for delivery in August shot up by Rs 18.10, or 1.56 per cent to Rs 1,178 per kg in business turnover of 4 lots.

 

On similar lines, the spice for delivery in September contracts traded higher by Rs 14.60, or 1.32 per cent to Rs 1124 per kg in 41 lots. Analysts said widening of positions by traders on the back of rising demand in the spot market against tight stocks position on fall in supplies from producing regions, mainly kept cardamom prices higher at futures trade.

 

Source: www.dnaindia.com

 

Technical Research
Prices
Tuesday, October 17, 2017
ExchangeCommodityContractOpenHighLowClose
MCXAluminiumOct17137.5138.6137.05137.95
MCXAluminium MiniOct17137.45138.65137.1137.95
NCDEXBarleyNov1715191532.515011512
MCXCardamomNov171029103210071011.8
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