Cardamom On MCX Settled Up By 0.37% At 889.5

Cardamom on MCX settled up by 0.37% at 889.5 supported by rising demand in the spot market. Further, expectation of delayed harvest in the producing belts also added support to cardamom prices’ 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. India is the second largest producer of cardamom in the world after Guatemala and the biggest consumer of the spice.

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