Cardamom On MCX Settled Down By -1.56% At 860.3

Cardamom on MCX settled down by -1.56% at 860.3 on slack demand at the auctions held last week in Kerala and Tamil Nadu. However upside seen limited amid apprehensions about a decline in next crop which will be long delayed and likely to be available by August end. Uncertainty about the next crop prospectus due to erratic monsoon rains in main producing centers of Kerala and Tamil Nadu will have a bullish impact on prices. After a late start, the southwest monsoon remained sluggish over Kerala and Tamil Nadu.

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