MUMBAI (Commodity Online): Cardamom futures traded down on Friday due to rising arrivals from the fresh crop amid subdued demand in the spot markets.
At MCX cardamom November contract is trading at Rs.675.90 per Kg, a decline of 2.86 per cent against the previous close.
In the early sessions the contract traded at a range of Rs.674.90-699.80 per Kg. Open interest of the contract is 3935 lots and volume traded is 2466 lots for the time being.
Spot activity has resumed and rise in arrivals is likely to increase the bearishness in market. According to Spices board of India, total arrivals during the current season till Oct. 1st were up by 122% to 3860 tons against 1735 tons in the same period last year.
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