Cardamom On MCX Settled Down By -2.24% At 1390.4

Cardamom on MCX settled down by -2.24% at 1390.4 on the back of muted domestic as well as exports demand in the spot market. Cardamom prices witnessed a substantial decline last week on suspension of seven auctions out of twelve. Farmers did not want to sell fearing delayed receipt of sale proceeds while the buyers were not enthusiastic to buy for want of sufficient funds and that in turn led to the suspension of over 50 per cent of the auctions last week. As the situation is slowly getting back to normalcy majority of the auctions are expected to be held this week.

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