Cardamom On MCX Settled Up By 0.26% At 953

Cardamom on MCX settled up by 0.26% at 953 on short covering after prices dropped amid a decline in physical demand for cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major cardamom producing belts in the country too fuelled the downtrend. The extended dry spell with high temperatures that prevailed from December 2015 to the first fortnight of May 2016 affected the flower setting, thereby delaying the harvest.

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