Saturday, July 5, 2008

Cardamom Continues In Profits - July 5, 2008

The MCX Cardamom futures are trading with profits in the fifth consecutive trading sessions. On MCX Cardamom futures benchmark July contract traded in the ranges of Rs700-693.50 per 1 kg. The counter currently trading in the positive zone at Rs699, up Rs5.50 per 1 kg and the open interest in the contract increased 0.54%, which stood at 187 lots as against 186 lots on yesterday, indicating fresh buying. The market sources reported that reports of lull in rainfall activity in Kerala are supporting the Cardamom futures prices.

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