Share market tips : Cardamom prices went 20 percent high 26 Aug, 2015

Today, Cardamom prices went 20 percent high at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also hoping for improved export requirement. At MCX, September 2015 contract for Cardamom futures were trading at 785.90/kg, up by 0.20 per-cent, after opening at 785.70 as compared to its previous closing price of Rs. 784.30. It touched the intra-day high of Rs. 788 till the trading. At 10 O' clock today. Sentiment improved further as a result of firm requirement in the market against prohibited arrivals from producing belts of Chandausi in UP(Uttar Pradesh).

Kerala (70 per cent), Karnataka (20 %) and Tamil Nadu (10%) are the cardamom growing states in India while about 90 per-cent of the produce is consumed within the nation. The important markets for cardamom in India are Bodinayakanur, Vandanmendu, Kumbum, Kumily, Thekkady and Pattiveeran Patti in Kerala.

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