Cardamom futures decline on muted demand

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Cardamom futures declined on MCX as investors and speculators trimmed their positions amid muted demand in the domestic spot market. However, poor production caused by prolonged dry weather condition in Kerala, the largest producing state, capped some losses.

The contract for November delivery was trading at Rs 1270.00, down by 2.5% or Rs 32.50 from its previous closing of Rs 1302.50. The open interest of the contract stood at 56 lots.

The contract for December delivery was trading at Rs 1351.80, down by 2.2% or Rs 30.40 from its previous closing of Rs 1382.20. The open interest of the contract stood at 878 lots on MCX.

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