Cardamom Futures Edge Higher On MCX - Commodity Market Tips

Cardamom futures edged higher on MCX as investors extended their positions amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions also added support to cardamom prices’ uptrend. The contract for August delivery was trading at Rs 1054.00, up by 0.80% or Rs 8.40 from its previous closing of Rs 1045.60. The open interest of the contract stood at 419 lots.

The contract for September delivery was trading at Rs 990.00, up by 0.41% or Rs 4.00 from its previous closing of Rs 986.00. The open interest of the contract stood at 72 lots on MCX.

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