Cardamom Futures Edge Lower On Profit-Booking

Cardamom futures edged lower on MCX as speculators booked profits at prevailing levels amid easing demand in the spot market. Moreover, adequate stocks position following higher supply from the producing belts too fuelled the downtrend. The contract for August delivery was trading at Rs 1144.00, down by 1.35% or Rs 15.70 from its previous closing of Rs 1159.70. The open interest of the contract stood at 168 lots.

The contract for September delivery was trading at Rs 1078.00, down by 1.22% or Rs 13.30 from its previous closing of Rs 1091.30. The open interest of the contract stood at 239 lots on MCX.

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