Cardamom on MCX settled up 1.69% at 939 on short covering as new season arrivals have been limited in the cardamom growing regions of Kerala. Good demand for the domestic market as well as for exports are driving the prices higher. The prolonged south-west monsoon has helped raise the cardamom output in the country causing prices to drop by 25 per cent in October much to the relief of exporters who are getting increased orders from the Gulf market.

Trading Ideas:

* Cardamom trading range for the day is 915-953.

* Cardamom gained on short covering as new season arrivals have been limited in the cardamom growing regions of Kerala.

* Good demand for the domestic market as well as for exports are driving the prices higher.

* A third round of harvest may be possible which could extend the current arrivals till December.

* Cardamom prices in spot market gained by 2.50 rupees and settled at 992.50 rupees.

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