Cardamom On MCX Settled Up By 0.12% At 862.5



Cardamom on MCX settled up by 0.12% at 862.5 due to dwindling supplies and uncertainty over the next crop. 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. Cardamom arrivals in the auction centers until May 28 stood at 30,042 ton. India's Apr-Dec cardamom rose to 3,825 ton from 2,905 ton a year ago.

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