Cardamom Mcx Market News

Cardamom prices fell by 0.17 % on Wednesday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. Contact this no:- 9827808090

                                    
  At MCX, Cardamom futures for May 2016 contract were trading at Rs. 814 per kg, down by 0.17 per cent, after opening at Rs. 815 against the previous closing price of Rs. 815.40. It touched the intra-day low of Rs. 814 till the trading.

cardamom rose to 3,825 ton from 2,905 ton a year ago mainly due to weak Indian rupee. Meanwhile, the decline in unit value has raised the country’s small cardamom exports during April-December 2015 by 83 per cent in quantity and 63 per cent in value.

 

                               Trading Ideas

Cardamom trading range for the day is 798.7-831.1.

Cardamom prices ended with flat node as demand eased from retailers and stockists amid adequate stocks.

Cardamom prices in spot market dropped by 0.70 rupees and settled at 775.80 rupees.

 

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