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10-Oct2016

Cardamom futures trade higher on uptick in demand

Cardamom futures traded higher on MCX as speculators created fresh positions, driven by uptick in demand in the spot market. Besides, tight stocks position on restricted arrivals from producing regions supported the upside.

The contract for November delivery was trading at Rs 1145.80, up by 1.18% or Rs 13.40 from its previous closing of Rs 1132.40. The open interest of the contract stood at 808.00 lots.

The contract for December delivery was trading at Rs 1166.00, up by 0.82% or Rs 9.50 from its previous closing of Rs 1156.50. The open interest of the contract stood at 120.00 lots on MCX.


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