EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 14 JUNE 2016

Cardamom futures were trading higher during morning trade on Tuesday after speculators widened their positions supported by rising demand in the spot market. Further, restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fuelled the uptrend.  At MCX, Cardamom futures for June 2016 contract, at MCX, were trading at Rs. 870 per kg, up by 0.08 per cent after opening at Rs. 870, against the previous closing price of Rs. 869.30. It touched the intra-day high of Rs. 870.

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Cardamom futures were trading higher during morning trade on Tuesday after speculators widened their positions supported by rising demand in the spot market. Further, restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fuelled the uptrend. Market analysts said besides rise in demand in the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures trade. At MCX, Cardamom futures for June 2016 contract, at MCX, were trading at Rs. 870 per kg, up by 0.08 per cent after opening at Rs. 870, against the previous closing price of Rs. 869.30. It touched the intra-day high of Rs. 870. (At 10:44 AM). - See more at: http://investmentguruindia.com/Commodities/Cardamom-advances-on-rising-demand#sthash.aoXlwyzl.dpuf