Cardamom futures fell during afternoon trade on Friday as investors and speculators exited positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country also exerted downward pressure on domestic cardamom prices.

At the MCX, Cardamom futures for July 2016 contract is trading at Rs 800.10 per kg, down by 0.74 per cent, after opening at Rs 812, against a previous close of Rs 806.10.

The next crop is also expected to be less and likely to hit the market only by next month end. Arrivals were at 16.8 tonnes and of this 12.8 tonnes were sold. The individual auction average was vacillating between Rs.746 and Rs.822 last week. Total arrivals during the season up to July 9, 2016 were at around 32,765 tonnes and sales were at 31,545 tonnes. 

Cardamom output during the current year 2015-16 (Aug-July) is estimated over 30,000 tons as against earlier projection of 22,000 tons. India's 2015-16 cardamom export rose 5,500 ton from 3,795 ton a year ago, showing a smart growth of 45%. During the past 3-4 years, the crop was available because of favourable weather conditions. 

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