Cardamom On MCX Settled Up By 0.35% At 1469.3



Cardamom on MCX settled up by 0.35% at 1469.3 in view of restricted supplies, exporters demand and weather woes in producing centres. Exporters are still in the market hoping good export business due to prevailing high prices in global markets and lower supplies from Guatemala-the other producer. Cardamom prices are likely to trade higher tracking expected fall in arrivals and concern over standing crop. Supply scenario is expected to improve this week. But, the main problem persistently affecting the trade is that only a third of the participants is still active at the auctions and in the open market trading.

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