Cardamom Futures Edge Higher On MCX

Cardamom futures edged higher on MCX as speculators 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 too fuelled the uptrend. The contract for August delivery was trading at Rs 1178.50, up by 3.00% or Rs 34.30 from its previous closing of Rs 1144.20. 

The open interest of the contract stood at 310 lots. The contract for September delivery was trading at Rs 1104.60, up by 3.69% or Rs 39.30 from its previous closing of Rs 1065.30. The open interest of the contract stood at 207 lots on MCX.

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