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17-Aug2016

Cardamom futures edge higher on rising demand

Cardamom futures edged higher on MCX as participants engaged in enlarging their bets on the back of rising domestic as well as exports demand in the spot market. Besides, tight supplies from producing regions also added support to cardamom prices' uptrend.

The contract for September delivery was trading at Rs 1066.90, up by 1.45% or Rs 15.30 from its previous closing of Rs 1051.60.The open interest of the contract stood at 2136.00 lots.

The contract for October delivery was trading at Rs 1060.50, up by 2.07% or Rs 21.50 from its previous closing of Rs 1039.00. The open interest of the contract stood at 223.00 lots on MCX.


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