Mcx
ncdex tips - On Friday Cardamom prices rose by 1.56 % at the
Multi Commodity Exchange (MCX) on account of good buying support from
both exporters and upcountry buyers and also on hopes of improved
export demand. At MCX, Cardamom futures for August 2015 contract were
trading at Rs 794.50 per kg, up by 1.56 per cent, after opening at
Rs. 787 against its preceding closing price of Rs. 782.30.
It touched
the intra-day high of Rs. 809.90 till the trading. At 11 O' Clock
today reports. Sentiment improved further as a result of firm demand
in the market against restricted arrivals from producing belts of
Chandausi in Uttar Pradesh.
Kerala-70%, Karnataka-20% and TN(Tamil Nadu-10%)
are the cardamom emerging states in India while about 90 % of the
produce is consumed within the nation. The important markets for
cardamom in India are - Bodinayakanur, Kumily, Vandanmendu, Kumbum,
Thekkady and Pattiveeran Patti in Kerala.
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