Cardamom futures edge lower on profit-booking

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Cardamom futures edged lower on MCX as the traders booked profits at the prevailing levels in the midst of a 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 too fuelled the downtrend.

The contract for May delivery was trading at Rs 800.00, down by 0.66% or Rs 5.30 from its previous closing of Rs 805.30. The open interest of the contract stood at 470.00 lots.

The contract for June delivery was trading at Rs 851.10, down by 0.78% or Rs 6.70 from its previous close of Rs 857.80. The open interest of the contract stood at 1209.00 lots on MCX.

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