Cardamom futures were trading higher during morning trade on Wednesday after speculators widened their positions supported by rising demand in the spot market.
At MCX, Cardamom futures for June 2016 contract, at MCX, were trading at Rs. 875.00 per kg, up by 0.52 per cent after opening at Rs. 875, against the previous closing price of Rs. 870.50. It touched the intra-day high of Rs. 875.00. (At 11:11 AM). Further, restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fueled the uptrend.
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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