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28-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. Besides, better than estimated output due to favourable weather conditions, too weighed on cardamom prices. Furthermore, ample stocks position on higher supplies from producing regions, too added pressure on prices.

The contract for December delivery was trading at Rs 978.10, down by 1.87% or Rs 18.60 from its previous closing of Rs 996.70. The open interest of the contract stood at 268 lots.

The contract for January delivery was trading at Rs 1021.50, down by 1.84% or Rs 19.10 from its previous closing of Rs 1040.60. The open interest of the contract stood at 317 lots on MCX. 


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