Cardamom On MCX Settled Down By -0.68% At 1139.6

Cardamom on MCX settled down by -0.68% at 1139.6 amid sluggish physical demand in the domestic spot market. Further, sufficient supplies amid increased physical arrivals from the major cardamom producing regions too fuelled the downtrend. However downside seen limited on fears of fall in output and hopes of good demand for the coming festive season while stocks are tight. Cardamom output is likely to fall sharply this year due to adverse weather in all the producing areas of south India.

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