Cardamom On MCX Settled Down By -0.89% At 1555.4

Cardamom on MCX settled down by -0.89% at 1555.4 on profit booking after prices gained 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. Harvesting is almost over and hence the supply is unlikely to increase in the coming days. Buyers were active and were covering apprehending short supplies in the coming weeks.

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