Cardamom On MCX Settled Up By 1.44% At 1483.6

Cardamom on MCX settled up by 1.44% at 1483.6 on good buying support amid a squeeze in supplies. Supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realisation from that of the same period the last fiscal

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