Cardamom futures edge lower on profit booking

Cardamom futures traded lower on MCX as speculators booked profits at prevailing levels amid sluggish demand in the spot market against ample inventories. Further, expectation of higher production from the major producing belts too influenced cardamom prices. The contract for June delivery was trading at Rs 960.00/Kg, down by 1.38% or Rs 13.40 from its previous closing of Rs 973.40/Kg. The open interest of the contract stood at 212 lots. The contract for July delivery was trading at Rs 912.00/Kg, down by 0.52% or Rs 4.80 from its previous closing of Rs 916.80/Kg. The open interest of the contract stood at 2521 lots on MCX.