Cardamom On MCX Settled Up By 1.69% At 1188

Cardamom on MCX settled up by 1.69% at 1188 amid rise in physical demand for cardamom in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions also added support to cardamom prices’ uptrend. For the first time after 2010-11, the individual auction average crossed Rs. 1,000 a kg at four auctions last week. Delay in harvesting and sharp fall in the current crop are attributed to the price rise. Good domestic demand continued to persist at a time when the arrivals were showing a declining trend.

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