Cardamom on MCX settled down by -0.71% at 1098.2 as recent rains in producing centres of Kerala, Karnataka and Tamil Nadu have improved the crop prospects and fall in output may be lower than earlier fears. However, in the spot markets, prices may rule steady due to good demand for the ensuing festive and marriage season.

Trading Ideas:

* Cardamom trading range for the day is 1080.7-1123.1.

* Cardamom dropped as recent rains in producing centres have improved the crop prospects and fall in output may be lower than earlier fears.

* Arrivals have started picking up in auctions centers and quality is also improving.

* Supplies are expected to increase in coming days as third round of picking is in progress.

* Cardamom prices in spot market dropped by 5.50 rupees and settled at 1134.50 rupees.

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