Cardamom futures trade lower on profit-booking

0
518

Cardamom futures traded lower on MCX as traders booked profits at prevailing levels in the midst of sluggish demand at the spot market. Besides, ample stocks availability in the physical market on account of higher supply from the producing belts of Uttar Pradesh too added pressure on cardamom prices.

The contract for November delivery was trading at Rs 650.00/Kg, down by 3.60% or Rs 24.30 from its previous closing of Rs 674.30/Kg. The open interest of the contract stood at 109 lots.

The contract for December delivery was trading at Rs 761.50/Kg, down by 0.14% or Rs 1.10 from its previous closing of Rs 762.60/Kg. The open interest of the contract stood at 1083 lots on MCX.

LEAVE A REPLY

Please enter your comment!
Please enter your name here