Cardamom on MCX settled up by 0.85% at 1392.1 following reports of increasing arrivals of the spices from Guatemala, though domestic supplies are weak. Despite estimates of lower output and tight stocks, cardamom prices are ruling easy due to higher imports from Guatemala. Prices remained under pressure due to cheaper imports, subdued exports demand and stock liquidation by stockists and planters. 

India exported 1,625 ton cardamom during Apr-Sept versus 2,026 ton a year ago. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. Exports of small cardamom during April-September 2016 have dropped by 20% in volume and 22% in value realization from that of the same period the last fiscal.

Trading Ideas: 

*Cardamom trading range for the day is 1336-1432. 

*Cardamom prices dropped following reports of increasing arrivals of the spices from Guatemala, though domestic supplies are weak. 

*Despite estimates of lower output and tight stocks, cardamom prices are ruling easy due to higher imports from Guatemala. 

*Prices remained under pressure due to cheaper imports, subdued exports demand and stock liquidation by stockists and planters. 

*Cardamom prices in spot market dropped by 37.50 rupees and settled at 1406.50 rupees.

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