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04-Dec2018

Cardamom futures trade lower on profit booking

Cardamom futures traded lower on MCX, due to profit booking by market participants, after the cardamom price hiked due to damage to standing crops because of recent flood in Kerala.

The contract for December delivery was trading at Rs 1459.90, down by 0.32% or Rs 4.70 from its previous closing of Rs 1464.60. The open interest of the contract stood at 172 lots.

The contract for January delivery was trading at Rs 1475.00, down by 1.13% or Rs 16.80 from its previous closing of Rs 1491.80. The open interest of the contract stood at 84 lots on MCX.


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