MUMBAI (Commodity Online): Cardamom futures extended uptrend on extended buying by the traders on the back of strong spot and export demand.
In MCX cardamom March contract is trading at Rs. 803.10 per Kg, higher by 1.30 per Kg on 16:35 IST against the previous close.
In the morning session the contract traded at a range of Rs.791.20-821 per Kg. Open interest of the contract is 5881 lots and volume traded is 12120 lots for the time being.
Total arrivals at spot auction till January 22nd were reported around 10,410 tonnes 6,910 tonnes arrived during same period last year.
In current arrival season, despite of increased demand higher supply outweighed demand; but now as arrival season is coming to an end, supply-demand is becoming balanced supporting Cardamom prices to trade up.
