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13-Aug2018

Cardamom futures trade tad higher on strong demand

Cardamom futures traded modestly higher on MCX, due to buying by stockists and retailers amid fears of damage to standing crops and delay in new crop supplies with the heavy monsoon this year. Further, strong physical demand from domestic and export market also supported cardamom prices.

The contract for September delivery was trading at Rs 1214.60, up by 4.00% or Rs 46.70 from its previous closing of Rs 1167.90. The open interest of the contract stood at 139 lots

The contract for October delivery was trading at Rs 1207.60, up by 4.00 % or Rs 46.40 from its previous closing of Rs 1161.20. The open interest of the contract stood at 30 lots on MCX.


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