Cardamom futures edged higher on MCX as investors started building up fresh positions amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions too fuelled the uptrend.
The contract for October delivery was trading at Rs 1152.60, up by 1.24% or Rs 14.10 from its previous closing of Rs 1138.50. The open interest of the contract stood at 879.00 lots.
The contract for November delivery was trading at Rs 1182.00, up by 1.12% or Rs 13.10 from its previous closing of Rs 1168.90. The open interest of the contract stood at 509.00 lots on MCX.