Cardamom on MCX settled up by 3.42% at 1049.5 due to restricted supplies and good local as well as export buying. Meantime new crop supplies have started to pour in the major markets of producing centers but it failed to have any bearish impact on prices in the spot market due to nearly empty godowns of stockists amid good seasonal demand. With fresh spell of rains in the producing centres of Kerala, output prospects have brightened and production may be around 24,000 tons as against around 18,000 tons a year ago.

Trading Ideas:

* Cardamom trading range for the day is 1008.5-1075.5.

* Cardamom prices gained due to restricted supplies and good local as well as export buying.

* Stocks in Delhi market is estimated around 2,500 bags of 50 kilogram each.

* India exported 3,850 ton cardamom during 2016-17 down 30% on year due to high prices.

* Cardamom prices in spot market gained by 15.50 rupees and settled at 1163.60 rupees.

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