Cardamom prices edged up by 0.27% to Rs 993 per kg in futures trade today after speculators enlarged positions amid improved demand in spot market.
Also, tight stocks position in the physical market due to restricted arrivals from producing regions fuelled the uptrend.
At the MCX cardamom for delivery in May rose by Rs 2.70, or 0.27%, to Rs 993 per kg in a business turnover of 32 lots.
Likewise, the spice for delivery in April traded higher by Rs 1.90, or 0.19%, to Rs 1,016.90 per kg in 517 lots.
Agri Commodity market regulator FMC sources reveal a Central Vigilance Raid is being carried out at a Cardamom Futures delivery warehousing location where MCX Futures delivery contracts to the tune of around 21 MT were also stored.
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Also, tight stocks position in the physical market due to restricted arrivals from producing regions fuelled the uptrend.
At the MCX cardamom for delivery in May rose by Rs 2.70, or 0.27%, to Rs 993 per kg in a business turnover of 32 lots.
Likewise, the spice for delivery in April traded higher by Rs 1.90, or 0.19%, to Rs 1,016.90 per kg in 517 lots.
Agri Commodity market regulator FMC sources reveal a Central Vigilance Raid is being carried out at a Cardamom Futures delivery warehousing location where MCX Futures delivery contracts to the tune of around 21 MT were also stored.
Get real time advice for Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900 .
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