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Cardamom futures fell during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the agri-commodity amid fall in physical demand for cardamom in the domestic spot market.

                           Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for December 2016 contract is trading at Rs 1356.90 per kg, down by 0.69 per cent, after opening at Rs 1360, against a previous close of Rs 1366.30. It touched the intra-day low of Rs 1356.90.

                            Trading Ideas

1. Cardamom trading range for the day is 1322.1-1437.1.

2. Cardamom prices dropped on profit booking driven by easing demand in the spot market.

3. Last week, around 50 per cent of the arrivals were picked up by exporters and the rest was absorbed by domestic dealers.

4. Due to the failure of both the South-West and the North-East monsoons, arrivals are likely to shrink further in the coming days.

5. Cardamom prices in spot market gained by 2.70 rupees and settled at 1375.00 rupees.