Cardamom futures traded higher on MCX on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. Further, tight stocks position in the physical market on restricted arrivals from producing belts of Chandausi in Uttar Pradesh too supported cardamom prices' uptrend.
The contract for November delivery was trading at Rs 765.00, up by 2.97% or Rs 22.10 from its previous closing of Rs 742.90. The open interest of the contract stood at 59 lots.
The contract for December delivery was trading at Rs 863.50, up by 0.02% or Rs 0.20 from its previous closing of Rs 863.30. The open interest of the contract stood at 1209 lots on MCX.
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