Cardamom futures traded lower on MCX as speculators reduced their positions due to sluggish demand in the spot market. Further, favorable weather conditions in the major producing states too added pressure on cardamom prices. But, pick-up in export demand capped some losses in cardamom prices to some extent.
The contract for June delivery was trading at Rs 979.30/Kg, down by 0.29% or Rs 2.80 from its previous closing of Rs 982.10/Kg. The open interest of the contract stood at 2566 lots.
The contract for July delivery was trading at Rs 972.50/Kg, down by 0.87% or Rs 8.50 from its previous closing of Rs 981.00/Kg. The open interest of the contract stood at 1006 lots on MCX.
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