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Cardamom futures edge higher on MCX

Cardamom futures edged higher on MCX as speculators extended their positions amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions also added support to cardamom prices uptrend. 

The contract for August delivery was trading at Rs 1054.90, up by 0.51% or Rs 5.40 from its previous closing of Rs 1049.50. The open interest of the contract stood at 419 lots on MCX.

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