Commodity Online MUMBAI: Cardamom futures rebounded on the MCX counter as traders indulged in buying owing to firm spot market demand amid lower supply on Thursday.
MCX cardamom contract for delivery in September was trading 2.21% higher at Rs 845 per kg, with an open interest of 3 lots. The August contract moved up by 1.06% to Rs 855 per kg. The contract has an open interest of 4 lots, while the July contract gained 1.04% at RS 876 per kg, with an open interest of 10 lots.
Trade sitting at the comfort of home. Start with a mere 50$Marketmen attributed persistent rise in cardamom prices to good demand in the physical markets and lower arrivals from growing regions.
