Cardamom futures surge on good buying support

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Cardamom futures surged on MCX on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. Though, some gains were limited as supply outstripped demand at the spot markets.

The contract for December delivery was trading at Rs 694.30/Kg, up by 0.54% or Rs 3.70 from its previous closing of Rs 690.60/Kg. The open interest of the contract stood at 723.00 lots.

The contract for January delivery was trading at Rs 743.00/Kg, up by 0.42% or Rs 3.10 from its previous closing of Rs 739.90/Kg. The open interest of the contract stood at 658.00 lots on MCX.

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