Cardamom futures trade higher on rising demand

Cardamom futures traded higher on MCX as speculators created fresh positions driven by rising domestic as well as export demand in the spot market. However, expectations of an early crop following summer rains capped some demand of commodity to some extent. The contract for June delivery was trading at Rs 962.40, up by 0.12% or Rs 1.20 from its previous closing of Rs 961.20. The open interest of the contract stood at 2132 lots. The contract for July delivery was trading at Rs 948.20, up by 0.46% or Rs 4.30 from its previous closing of Rs 943.90. The open interest of the contract stood at 1396 lots on MCX.