Cardamom prices rose by 0.76 per cent on Tuesday 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 May 2016 contract were trading at Rs 805 per kg, up by 0.76 per cent, after opening at Rs. 796 against the previous closing price of Rs. 798.90. It touched the intra-day high of Rs. 813 till the trading. (At 10.35 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.

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                    Trading Ideas

1. Cardamom trading range for the day is 819.9-849.9.

2. Cardamom prices gained on account of good buying support from both exporters and upcountry buyers.

3. Cardamom prices in spot market gained by 3.70 rupees and settled at 775.00 rupees.