Cardamom futures surged on MCX on account of good buying support from both exporters and upcountry buyers. Further, estimation of lower production due to severe drought like condition in cardamom growing regions in Idukki district of Kerala and other parts in the coming season which will begin from July/August also added support to cardamom prices’ uptrend.
The contract for April delivery was trading at Rs 731.00, up by 2.99% or Rs 21.20 from its previous closing of Rs 709.80. The open interest of the contract stood at 69.00 lots.
The contract for May delivery was trading at Rs 760.00, up by 1.51% or Rs 11.30 from its previous close of Rs 748.70. The open interest of the contract stood at 1044.00 lots on MCX.