Cardamom futures trade higher on good buying support

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Cardamom futures traded higher on MCX on account of good buying support from both exporters and upcountry buyers. Further, restricted arrivals from producing belts of Chandausi in Uttar Pradesh too supported cardamom prices’ uptrend.

The contract for November delivery was trading at Rs 674.00/Kg, up by 3.87% or Rs 25.10 from its previous closing of Rs 648.90/Kg. The open interest of the contract stood at 115.00 lots.

The contract for December delivery was trading at Rs 759.40/Kg, up by 0.34% or Rs 2.60 from its previous closing of Rs 756.80/Kg. The open interest of the contract stood at 1077.00 lots on MCX.

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