Cardamom futures edge lower on subdued demand

Cardamom futures traded lower on MCX as speculators reduced their positions due to subdued demand in the spot market. Further, ample stocks availability in the physical market on higher supplies from the major producing belts too put pressure on the cardamom prices. The contract for May delivery was trading at Rs 984.00/Kg, down by 0.49% or Rs 4.80 from its previous closing of Rs 988.80/Kg. The open interest of the contract stood at 1942 lots. The contract for June delivery was trading at Rs 976.00/Kg, down by 0.33% or Rs 3.20 from its previous closing of Rs 979.20/Kg. The open interest of the contract stood at 1994 lots on MCX.