Cardamom On MCX Settled Up By 2.47% At 858.4



Cardamom on MCX settled up by 2.47% at 858.4 supported by rising demand in the spot market. Further, expectation of delayed harvest in the producing belts too fuelled the uptrend. Arrivals are likely to peak only after July as against the normal period of June, due to drought-like conditions in the first quarter of 2016. For the past three years, cardamom supply and auctions were round the year unlike in the past where there was a monsoon break.

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