Cardamom Prices Rose by 2.05 % On Thursday

Cardamom prices rose by 2.05 per cent on Thursday 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 October 2015 contract were trading at Rs 806 per kg, up by 2.05 per cent, after opening at Rs. 818 against the previous closing price of Rs. 789.80. It touched the intra-day high of Rs. 818 till the trading. (At 10.48 AM today). Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh.

Kerala (70 % ), Karnataka (20 % ) and Tamil Nadu (10 % ) are the cardamom growing states in India while about 90 % of the produce is consumed within the nation. The important markets for cardamom in India are Bodinayakanur, Vandanmendu, Thekkady, Kumbum, Kumily , and Pattiveeran Patti in Kerala.
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