Cardamom on MCX settled up 1.51% at 1178.9 on robust demand in the physical market on the occasion of festive season. Prices also seen supported as new crop supply coming to the market lower quality as a result of first picking activity. The quality of the material arriving was, however, not at expected levels. Exporters were not very active as the prices were unattractive while exportable variety material was also not available.

Trading Ideas:

* Cardamom trading range for the day is 1164.2-1193.

* Cardamom ended with gains on robust demand in the physical market on the occasion of festive season.

* Prices also seen supported as new crop supply coming to the market lower quality as a result of first picking activity.

* The quality of the material arriving was, however, not at expected levels.

* Cardamom prices in spot market dropped by 19.50 rupees and settled at 1201.90 rupees.

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