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30-Oct2017

Cardamom futures edge lower on profit-booking

Cardamom futures edged lower on MCX as speculators booked profits at prevailing levels amid easing demand in the spot market. Further, ample stocks position following higher supply from the producing regions too fuelled the downtrend.

The contract for November delivery was trading at Rs 990.50, down by 2.37% or Rs 24.00 from its previous closing of Rs 1014.50. The open interest of the contract stood at 236 lots.

The contract for December delivery was trading at Rs 988.20, down by 2.99% or Rs 30.50 from its previous closing of Rs 1018.70. The open interest of the contract stood at 164 lots on MCX.


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