Cardamom On MCX Settled Up By 1.47% At 1354.2

Cardamom on MCX settled up by 1.47% at 1354.2 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. Total cardamom arrivals across Kerala in last week were around 410 MT against 333 MT arrived during last week, higher by 22.8%. Meanwhile, exports and domestic buying was lower at higher price levels.

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