Pickup in demand to lift up cardamom

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Cardamom futures at MCX trading with strong positive sentiments up by 1.61 per cent at Rs.930 per kg. Cardamom traded with gain due to pick up in demand supported by tight supply mainly led the prices to gain for the second straight session.

Traders are building longs in previous session, continues for the day too. While participants are widening their long positions for better returns.

Cardamom trend looks sideways to bullish for ongoing week. Cardamom futures are expected to trade with in range of Rs 950-960/KG.

MCX Cardamom futures opened with marginal gain and traded positive thereafter. Open interest for the commodity stood at 1185 lots.

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