Cardamom prices fell by 0.80 % 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. 

 

At MCX, Cardamom futures for June 2016 contract were trading at Rs. 801.20 per kg, down by 0.80 %, after opening at Rs. 803 against the previous closing price of Rs. 807.70. It touched the intra-day low of Rs. 799 till the trading. (At 10.50 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. 

 

Kerala (70 %), Karnataka (20 %) and Tamil Nadu (10 %) are the cardamom growing states in India while about 90 % 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.