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Volumes up in Cardamon futures trading
KOCHI: Cardamom futures, introduced by the National Multi Commodity Exchange, has crossed 100 tonnes and 1,054 trades a day. The Exchange has also increased the margin for trading by five per cent, that is from 10 per cent to 15 per cent in view of the high fluctuation in the market. According JRG wealth management sources here, futures trading has come to stay as a leading form of trading in the commodities market. This is specially true in the case of commodities such as pepper, cardamom, rubber and gold. All these commodities have registered heavy volumes of trade in recent months. Cardamom trading has touched an all time high of 1,054 lots of trade and the price has gone up from Rs. 340 a kg on February 11 to Rs. 511 a kg on March 20.
Our Special Correspondent.
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