Cardamom
prices fell by 0.09 per cent on Friday at the Multi Commodity Exchange (MCX)
due to the adequate stocks availability
in the physical market on account of higher supply from the producing belts of
Chandausi in Uttar Pradesh. At MCX, Cardamom futures for June 2016 contract
were trading at Rs. 810 per kg, down by 0.09 per cent, after opening at Rs. 810
against the previous closing price of Rs. 810.70. It touched the intra-day low
of Rs. 807 till the trading. (At 10.50 AM today). Sentiment weakened further as
the traders booked profits at the prevailing levels in the midst of a subdued
demand for the commodity.
Kerala
(70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the
cardamom growing states in India while about 90 per cent of the produce is
consumed within the nation. The important markets for cardamom in India are
Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in
Kerala.
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