Cardamom On MCX Settled Up By 0.5% At 1124.6



Cardamom on MCX settled up by 0.5% at 1124.6 on expectation of fall in cardamom output this year due to adverse weather in all the producing areas of south India. Cardamom output is likely to fall sharply this year due to adverse weather in all the producing areas of south India. There were almost no rains for nearly 6 months in Kerala, which hit the plantations badly which resulted in fall in output. India exported 1,150 ton cardamom during Apr-Jun up 25% on year. Total arrivals during the season from August 1 to September 3 were at 2,110 ton and sales were at 1,937 ton.

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