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06-Dec2017

Cardamom futures trade lower on muted demand

Cardamom futures traded lower on MCX as speculators trimmed their positions, taking negative cues from spot market on muted demand. Further, ample stocks position on higher supplies from producing regions, too weighed on the prices.

The contract for December delivery was trading at Rs 965.00, down by 1.48% or Rs 14.50 from its previous closing of Rs 979.50. The open interest of the contract stood at 64 lots.

The contract for January delivery was trading at Rs 1050.10, down by 0.96% or Rs 10.20 from its previous closing of Rs 1060.30. The open interest of the contract stood at 351 lots on MCX.


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