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24-Oct2016

Cardamom futures surge on MCX

Cardamom futures surged on MCX on expectation of rising demand at the spot market ahead of festival season in the north Indian states. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions too fuelled the uptrend.

The contract for November delivery was trading at Rs 1207.00, up by 2.34% or Rs 27.60 from its previous closing of Rs 1179.40. The open interest of the contract stood at 856 lots.

The contract for December delivery was trading at Rs 1216.10, up by 2.22% or Rs 26.40 from its previous close of Rs 1189.70. The open interest of the contract stood at 349 lots on MCX.

 


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