Cardamom On MCX Settled Up By 0.61% At 974.2

Cardamom on MCX settled up by 0.61% at 974.2 amid dwindling stocks and late new crop supplies due to adverse weather. Good domestic demand continued to persist at a time when the arrivals were showing a declining trend. At present, harvesting is taking place in a few pockets such as Kallar and Mankulam in Munnar valley which had received summer showers and thus were not affected by drought. Whereas, harvesting in half of the main growing areas is expected to commence from August-end while picking in the rest of the areas would begin from mid-September.

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