Cardamom On MCX Settled Up By 0.65% At 950.5

Cardamom on MCX settled up by 0.65% at 950.5 on anticipation of decline in output following a delay in harvesting at the producing belts. Though, fall in physical demand for cardamom in the domestic spot market, capped some gains. This increase in prices is mainly attributed to the long dry spell in cardamom growing areas of South India, which is expected to impact cardamom production in the 2016-17 season.

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