Cardamom On MCX Settled Up By 0.91% At 1569.4

Cardamom on MCX settled up by 0.91% at 1569.4 due to tight stocks amid sustained demand from exporters. Cardamom prices looks to remain supported tracking expected fall in arrivals and concern over standing crop. Exporters continued to buy cardamom from the markets hoping to get fresh orders due to India's competitive prices in global markets amid lower supplies from Guatemala-the other producer. 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. Harvesting trend is any indication, the total output during the current season might come to around 40 per cent of the previous crop. Exporters continued to stay active.

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