Cardamom futures edged higher on MCX as investors build up fresh positions amid pick up in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions too fuelled the uptrend.
The contract for December delivery was trading at Rs 1310.40, up by 1.63% or Rs 21.00 from its previous closing of Rs 1289.40. The open interest of the contract stood at 548 lots.
The contract for January delivery was trading at Rs 1349.00, up by 1.29% or Rs 17.20 from its previous closing of Rs 1331.80. The open interest of the contract stood at 219 lots on MCX.