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| Mcx ncdex trading tips |
Cardamom prices went high by 1.17 per-cent on Friday at the Multi Commodity Exchange (MCX) on account of strong buying support from both exporters & upcountry buyers and also on hopes of improved export demand. At MCX, December 2015 contract for Cardamom futures were trading at Rs 665 per kg, up by 1.17 per cent, after opening at Rs. 653.10 against the previous closing price of Rs. 657.30.
It reached the intra-day high of Rs. 670 till the time of trade. (At 11 AM today). Sentiment improved further as a result of firm requuirement in the market against prohibited arrivals from producing belts of Chandausi in Uttar Pradesh.
Kerala (70 per cent), Karnataka (20 per cent) and 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. Vandanmendu, Kumbum, Bodinayakanur, Kumily, Thekkady and Pattiveeran Patti in Kerala are the important markets for cardamom in country.
Kerala (70 per cent), Karnataka (20 per cent) and 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. Vandanmendu, Kumbum, Bodinayakanur, Kumily, Thekkady and Pattiveeran Patti in Kerala are the important markets for cardamom in country.
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