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25-Mar2019

Cardamom futures trade higher on production concerns

Cardamom futures traded higher on MCX, due to increased buying by stockiest and retailers amid concern that production may dip due to prevailing high temperatures climate. Meanwhile, firm demand from domestic and export markets fuelled the uptrend.

The contract for April delivery was trading at Rs 1592.00, up by 0.83% or Rs 13.10 from its previous closing of Rs 1578.90. The open interest of the contract stood at 70 lots.

The contract for May delivery was trading at Rs 1550.00, up by 1.06% or Rs 16.30 from its previous closing of Rs 1533.70. The open interest of the contract stood at 16 lots on MCX.


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