Cardamom prices rose by 0.20 per cent on
Thursday at the Multi Commodity Exchange (MCX) on account of good buying
support from both exporters and upcountry buyers and also on hopes of
improved export demand. At MCX, Cardamom futures for September 2015
contract were trading at Rs 975.40 per kg, up by 0.20 per cent, after
opening at Rs. 972 against the previous closing price of Rs. 973.50. It
touched the intra-day high of Rs. 976.70 till the trading. (At 10.45 AM
today).
Sentiment improved further as a result of firm demand in the market
against restricted arrivals from producing belts of Chandausi in Uttar
Pradesh.Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per
cent) are the cardamom growing states in India while about 90 per cent
of the produce is consumed within the nation. The important markets for
cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady,
Kumbum and Pattiveeran Patti in Kerala.
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