Mcx
tips - On Monday, Cardamom prices fell down by 0.57 per cent
at the Multi Commodity Exchange (MCX) due to the in adequate stocks
availability in the physical market on account of more supply from
the producing belts of Chandausi in UP(Uttar Pradesh). At MCX,
August 2015 contract for Cardamom futures were trading at Rs. 788.20
per kg, down by 0.57 per-cent, after opening at Rs. 791.90 against
the preceding closing price of Rs. 792.70.
It touched the intra-day
low of Rs. 783 till the trading time. (At 10.45 AM today). Sentiment
weakened further as the traders booked profits at the prevailing
levels in the midst of a subdued demand for the commodity.Click HereMcx
tips
Kerala
(70 per cent), Karnataka (20 per cent) and TN(Tamil Nadu) 10 per-cent
are the cardamom emerging states in India while about 90 % of the
produce is consumed within the nation. The most important markets for
cardamom in India are Bodinayakanur, Kumbum, Kumily, Thekkady,
Vandanmendu and Pattiveeran Patti in Kerala.
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