On MCX settled down by -0.89% at 1090.2 following incessant rain in Kerala’s cardamom growing region for three days. The emergence of favourable weather conditions, of late, has resulted in a slightly bearish sentiment in the markets.

Trading Ideas:

# Cardamom trading range for the day is 1080.3-1101.9.

# Cardamom prices dropped following incessant rain in Kerala’s cardamom growing region for three days.

# The emergence of favourable weather conditions, of late, has resulted in a slightly bearish sentiment in the markets.

# Exporters have good export enquiries but are waiting for prices to stabilise and arrival of exportable grade capsules to pick up.

# Cardamom prices in spot market dropped by 2.50 rupees and settled at 1187.50 rupees.

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