Agri tips & updates - Today
Cardamom prices fell by 0.59 per-cent at the Multi Commodity Exchange
(MCX) due to the insufficient stocks availability in the physical
market on account of higher supply from the producing belts of
Chandausi in Uttar Pradesh. At MCX, Cardamom futures for August 2015
contract were trading at Rs. 770/kg, 0.59 per-cent down, after
starting at Rs. 770 against the preceding closing price of Rs.
774.60.
It clinches the intra-day low of Rs. 770 till the trading. At
11 O' Clock today. Sentiment weakened further as the traders booked
profits at the prevailing levels in the midst of a subdued
requirement for the commodity.
Kerala
(70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent)
are the cardamom emerging states in India while about 90 per-cent of
the produce is consumed within the nation. Top most important markets
for cardamom in India are Vandanmendu, Bodinayakanur, Thekkady,
Kumily, Kumbum and Pattiveeran Patti in Kerala.
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