MUMBAI (Commodity Online): Cardamom futures hits upper circuit in MCX on the back of firm domestic demand amid weak arrivals from the fresh crop.
In MCX cardamom April contract hits upper circuit at Rs.1132.90 per Kg against the previous close. Open interest of the contract stood at 7970 lots and open interest pf the contract is 14749 lots.
As per market source, dry spell conditions in major growing areas have unfavorably affected the crop. According to the media sources, around 20 per cent of the plants got damaged in Idukki district. Added, some of the midlands in Idukki district received rains late last week but the high ranges continue to remain dry.
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