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07-Nov2017

Cardamom futures decline on profit booking

Cardamom futures declined on MCX as speculators booked profits at prevailing levels amid easing demand in the spot market. Further, ample stocks position on higher supplies from producing regions, too weighed on cardamom prices.

The contract for November delivery was trading at Rs 885.40, down by 3.99% or Rs 36.80 from its previous closing of Rs 922.20. The open interest of the contract stood at 30 lots.

The contract for December delivery was trading at Rs 918.90, down by 0.94% or Rs 8.70 from its previous closing of Rs 927.60. The open interest of the contract stood at 284 lots on MCX.


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