Cardamom on MCX settled down -0.77% at 1014.8 on profit booking after prices gained on decline in arrivals at auctions held in Kerala and Tamil Nadu. Delayed arrival of south west monsoon in the cardamom growing regions has delayed the harvesting and that in turn has resulted in thin supplies, according to market sources. Meanwhile, upcountry buyers, by and large, are said to be still faced with teething troubles of the GST and until they are able to get into the track the demand is likely to remain limited.

Trading Ideas:

* Cardamom trading range for the day is 1003.2-1030.8.

* Cardamom prices dropped on profit booking after prices gained on decline in arrivals at auctions held in Kerala and Tamil Nadu.

* Delayed arrival of south west monsoon in the cardamom growing regions has delayed the harvesting and that in turn has resulted in thin supplies.

* The required size of capsules will start arriving only from the second round of picking which will begin from mid-August.

* Cardamom prices in spot market dropped by 14.60 rupees and settled at 1131.30 rupees.

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