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On Friday, Cardamom prices rose by 0.18 % at the
Multi Commodity Exchange (MCX) on account of good buying support from
both exporters and upcountry buyers and also on expectation of
improved export requirements. At MCX, August 2015 contract for
Cardamom futures were trading at Rs 779.50 per kg, up by 0.18 %,
after opening at Rs. 777.20 against the last closing price of Rs.
778.10. It touched the intra-day high of Rs. 782 till the trading.
(At 10.45 AM today). 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-percent, Karnataka 20-percent and Tamil
Nadu 10-percent are the cardamom growing nation states in India while
about 90 % of the produce is consumed inside the nation. The
important markets for cardamom in India are Vandanmendu,
Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in
Kerala.
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