Wednesday , November 20 2019
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Cardamom futures trade higher on rising demand

Cardamom futures traded higher on MCX, with the fresh buying by market participants tracking rise in demand. Moreover, report that the heavy rain for a prolonged period have led to fungal diseases in plantations, and plantations spread over 1,337.60 ha in Kerala’s Idukki district had been damaged which added to the upside.

The contract for October delivery was trading at Rs 1378.90, up by 0.31 % or Rs 4.20 from its previous closing of Rs 1374.70. The open interest of the contract stood at 63 lots

The contract for November delivery was trading at Rs 1361.60, up by 1.50 % or Rs 20.10 from its previous closing of Rs 1341.50. The open interest of the contract stood at 168 lots on MCX.