Cardamom On MCX Settled Down By -2.88% At 837.7

Cardamom on MCX settled down by -2.88% at 837.7 amid the fall in demand in the spot market. Cardamom further weakened on arrivals of inferior quality material from the producing belts. In sufficient rains for the last four months are set to hit the output next season though rains have revived now. There is shortage of quality stocks and new crops supplies would be late. Cardamom stock in Delhi market is estimated around 5,000 bags of 5 kilogram each. Cardamom output during the current year 2015-16 (Aug-July) is estimated over 30,000 tons as against earlier projection of 22,000 tons. -

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