Cardamom prices rose by 0.20 per cent on Wednesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters & upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for Dec 2015 contract were trading at Rs 694.20 per kg, up by 0.20 per cent, after opening at Rs. 688.80 in against with the previous closing price of Rs. 69280. It reached the intra-day high of Rs. 696 till the time of trade. (At morning today). Sentiment improved further as a result of firm demand in the market against prohibited arrivals from producing belts of Chandausi in Uttar Pradesh.
Kerala (70 per-cent), Karnataka (20 per-cent) & Tamil Nadu (10 per-cent) 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 our country are Vandanmendu, Bodinayakanur, Kumbum, Kumily, Thekkady & Pattiveeran Patti in Kerala.
Read More : Agri tips
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