Cardamom futures traded lower on MCX due to slack demand in hopes of an early crop following summer rains. Further, ample stocks positions in the physical market too added pressure on cardamom prices.
The contract for June delivery was trading at Rs 962.10/Kg, down by 0.35% or Rs 3.40 from its previous closing of Rs 965.50/Kg. The open interest of the contract stood at 2124 lots.
The contract for July delivery was trading at Rs 942.70/Kg, down by 0.57% or Rs 5.40 from its previous closing of Rs 948.10/Kg. The open interest of the contract stood at 1307 lots on MCX.
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