Cardamom futures edged lower on MCX as speculators trimmed their positions amid higher arrivals from producing belts in the spot market. Besides, lower demand in the spot market too added pressure on cardamom prices.
The contract for November delivery was trading at Rs 740.20/Kg, down by 2.99% or Rs 22.80 from its previous closing of Rs 763.00/Kg. The open interest of the contract stood at 57 lots.
The contract for December delivery was trading at Rs 866.40/Kg, down by 1.20% or Rs 10.50 from its previous closing of Rs 876.90/Kg. The open interest of the contract stood at 1208 lots on MCX.
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