Cardamom futures decline on profit-booking

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Cardamom futures declined on MCX as the traders booked profits at the prevailing levels in the midst of subdued demand at the spot market. Further, adequate stocks position in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh.

The contract for January delivery was trading at Rs 721.80/Kg, down by 0.59% or Rs 4.30 from its previous closing of Rs 726.10/Kg. The open interest of the contract stood at 1052.00 lots.

The contract for February delivery was trading at Rs 763.00/Kg, down by 0.47% or Rs 3.60 from its previous closing of Rs 766.60/Kg. The open interest of the contract stood at 483.00 lots on MCX.

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