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19-Aug2016

Cardamom futures trade lower on higher supply

Cardamom futures traded lower on MCX on account of higher supplies amid sufficient physical arrivals from the major cardamom producing belts. Though, some gains were capped on expectation of pickup in demand ahead of festival season in the country from next month.

The contract for September delivery was trading at Rs 1133.50, down by 0.19% or Rs 2.20 from its previous closing of Rs 1135.70.The open interest of the contract stood at 1584.00 lots.

The contract for October delivery was trading at Rs 1111.90, down by 0.71% or Rs 7.90 from its previous closing of Rs 1119.80. The open interest of the contract stood at 286.00 lots on MCX.


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