Cardamom On MCX Settled Up By 2.5% At 1174.5

Cardamom on MCX settled up by 2.5% at 1174.5 amid sharp fall in output during the current season. North Indian dealers were actively covering while the exporters were also showing interest to buy. At Vandanmettu market, estimated market supply was at 68561 kgs, down by 31768 kgs from previous day’s arrivals. Total arrivals today stood at 100.3 tonnes and almost the entire quantity was sold out. Exporters were estimated to have bought around 80 tonnes of exportable grade capsules at Rs. 1,050-1,100. Good colour current bulk was being traded at Rs. 1,050-60. Arrivals at the auctions last week dropped to 565 tonnes from 625 tonnes 635 tonnes the previous week.

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