Cardamom Futures Trade Up On Surge In Demand

Cardamom futures traded up on MCX as investors extended their bets amid surge in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions also added support to cardamom prices’ uptrend. The contract for June delivery was trading at Rs 1084.40, up by 2.98% or Rs 31.40 from its previous closing of Rs 1053.00. The open interest of the contract stood at 605 lots. The contract for July delivery was trading at Rs 965.00, up by 1.08% or Rs 10.30 from its previous closing of Rs 954.70. The open interest of the contract stood at 249 lots on MCX.

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