Monday 20 July 2015

Cardamom gains on hopes of improved demand

Cardamom prices rose by 0.41%  on Tuesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for August 2015 contract were trading at Rs. 784 / kg, up by 0.41 %, after starting at Rs. 780 against the end closing price of Rs. 780.80. It touched the intra-day high of Rs. 785.60 till the trading. (At 10.45 AM today).Opinions enhanced further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh.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 with in the nation. The vital  markets for cardamom in India are , Bodinayakanur,Vandanmendu, Kumily, , Kumbum,Thekkady and Pattiveeran Patti in Kerala.

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