Cardamom On MCX Settled Down By -0.99% At 891.9

Cardamom on MCX settled down by -0.99% at 891.9 amid sluggish physical demand for cardamom in the domestic spot market. Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country too fuelled the downtrend. Arrival of good quality material was thin at a time when there was a good domestic demand and this phenomenon has pushed up the prices of good capsules. Many small and medium dealers who needed small volumes were covering anticipating a delay in the arrival of the next crop.

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