Cardamom on MCX settled down by -2.39% at 951.7 on late profit booking after prices gained following a decline in arrivals. Harvest is expected to begin by this month-end and growers feel that if rains don’t intensify, production will be less than anticipated.

Trading Ideas:

* Cardamom trading range for the day is 920.2-1003.

* Cardamom prices ended with losses on late profit booking after prices gained following a decline in arrivals.

* The current spell of rains in Kerala and Tamil Nadu brightened the crop prospects for the next year.

* Monsoon arrived in Kerala before time and covered the entire state-largest cardamom producer.

* Cardamom prices in spot market dropped by 3.90 rupees and settled at 1157.20 rupees.

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