Cardamom futures traded down on MCX due to ample stocks in the physical market on account of higher supply from the producing belts in Uttar Pradesh. Further, speculators reduced their positions on weak cues from spot markets also influenced Cardamom prices.
The contract for August delivery was trading at Rs 720.30/Kg, down by 2.57% or Rs 19.00 from its previous closing of Rs 739.30/Kg. The open interest of the contract stood at 3850 lots.
The contract for September delivery was trading at Rs 771.00/Kg, down by 0.13% or Rs 1.00 from its previous closing of Rs 772.00/Kg. The open interest of the contract stood at 1936 lots on MCX.
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