Cardamom on MCX settled down by -0.23% at 925.5 as supply outstripped demand at auctions in Kerala and Tamil Nadu. Anticipation of a comparatively good crop due to favourable weather conditions coupled with a likely decline in the prices has slowed buying. A liquidity crunch and severe labour shortage are adding to the problem. Exporters bought 100-120 tonnes last week.

Trading Ideas:

* Cardamom trading range for the day is 904.6-940.4.

* Cardamom prices dropped as supply outstripped demand at auctions in Kerala and Tamil Nadu.

* Anticipation of a comparatively good crop due to favourable weather conditions coupled with a likely decline in the prices has slowed buying.

* A liquidity crunch and severe labour shortage are adding to the problem, exporters bought 100-120 tonnes last week.

* Cardamom prices in spot market dropped by 14.10 rupees and settled at 963.80 rupees.

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