Cardamom futures traded higher on MCX as investors 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 too fuelled the uptrend.
The contract for August delivery was trading at Rs 1102.40, up by 2.22% or Rs 23.90 from its previous closing of Rs 1078.50. The open interest of the contract stood at 417 lots.
The contract for September delivery was trading at Rs 1010.00, up by 1.14% or Rs 11.40 from its previous closing of Rs 998.60. The open interest of the contract stood at 87 lots on MCX.