Cardamom futures extend gains on MCX

Cardamom futures traded up on MCX on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. Moreover, demand for Indian cardamom in overseas market is expected to remain high for the near term until crop from Guatemala arrives. The contract for May delivery was trading at Rs 932.60, up by 2.09% or Rs 19.10 from its previous closing of Rs 913.50. The open interest of the contract stood at 2992.00 lots. The contract for June delivery was trading at Rs 962.50, up by 2.30% or Rs 21.60 from its previous closing of Rs 940.90. The open interest of the contract stood at 1022.00 lots on MCX.