Cardamom On MCX Settled Up By 1.68% At 1141.6



Cardamom on MCX settled up by 1.68% at 1141.6 on good domestic demand amid thin arrivals at auctions held in Kerala and Tamil Nadu. The quality of the material arriving was, however, not at expected levels. Exporters were not very active as the prices were unattractive while exportable variety material was also not available. However, the situation, would change after August 10 when the arrivals and the quality of the capsules are expected to improve.

At the auction conducted in Bodi by the Idukki Dist. Traditional Cardamom Producer Company Limited, the average price At the auction being conducted today in Bodi by the Idukki Dist. Traditional Cardamom Producer Company Limited, 28.9 tonnes of cardamom and arrived and almost the entire quantity traded. The average price increased to ₹1017.70 a kg from ₹991.35 a kg last Monday. The maximum price stood at ₹1,255 a kg. Arrivals last week rose to 384 tonnes from 11 auctions last week from 252 tonnes from 9 auctions the previous week.

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