Cardamom Loses Flavor On Slack Demand

Cardamom prices were down by 0.13 per cent to Rs 680 per kg in futures trade on Monday as traders continued to trim positions owing to slackened demand in the spot market. At MCX, Cardamom futures for March 2016 contract were trading at Rs. 680 per kg, down by 0.13 per cent, after opening at Rs. 684.90 against the previous closing price of Rs. 680.90. It touched the intra-day low of Rs. 677 till the trading. Traders said offloading of positions by participants on the back of sluggish demand in the spot market against adequate stocks position mainly kept cardamom prices lower at futures trade. 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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