Cardamom futures edged higher on MCX as speculators build up fresh positions in the agri-commodity amid a surge in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions also added support to cardamom prices' uptrend.
The contract for October delivery was trading at Rs 1133.20, up by 0.50% or Rs 5.60 from its previous closing of Rs 1127.60. The open interest of the contract stood at 751.00 lots.
The contract for November delivery was trading at Rs 1125.00, up by 0.83% or Rs 9.30 from its previous closing of Rs 1115.70. The open interest of the contract stood at 754.00 lots on MCX.