Cardamom On MCX Settled Down By -0.54% At 1320.5

Cardamom on MCX settled down by -0.54% at 1320.5 on profit booking after prices seen supported amid good export from exporters in view of hopes of higher export contracts. Exporters were active in the auction centres and where making heavy purchases. During the last weeks reporters have reportedly bought over 300 ton cardamom. Deficient rains have hit the cardamom crop badly in Kerala-the largest producing states. Even now plantations are facing moisture stress which may impact pickings. The upsurge in cardamom prices so far this year does not seem to have cheered the growers as it is not benefiting them financially because of the sharp fall in output.

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