Cardamom futures traded lower on MCX, weighed down by long liquidation as market witnessed drop in open interest in line with weak trend in future market. Further, increased arrivals from producing belts amid mounting of inventory stocks also dragged the cardamom rates.
The contract for May delivery was trading at Rs 960.00, down by 0.78 % or Rs 7.50 from its previous closing of Rs 967.50. The open interest of the contract stood at 81 lots.
The contract for June delivery was trading at Rs 905.00, down by 0.52 % or Rs 4.70 from its previous closing of Rs 909.70. The open interest of the contract stood at 216 lots on MCX.