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06-May2019

Cardamom futures trade up on rise in demand

Cardamom futures traded up on MCX on reports of dry weather conditions in key growing areas over the past one month that led to fears of fall in output. Moreover, rise in demand at the spot market fuelled uptrend.

The contract for May delivery was trading at Rs 2205.40, up by 3.99% or Rs 70.50 from its previous closing of Rs 1765.00. The open interest of the contract stood at 16 lots.

The contract for June delivery was trading at Rs 2067.10, up by 4.00% or Rs 84.80 from its previous closing of Rs 2120.60. The open interest of the contract stood at 132 lots on MCX.


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