Friday, July 13, 2012, 13:31 [IST]
Cardamom prices extended gains, rising for the second day on Friday at the Multi Commodity Exchange (MCX) as a result of the restricted arrivals from producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for July 2012 contract were trading at Rs. 1,490 per kg, up by 0.36 per cent, after opening at Rs. 1,498.90 against the previous closing price of Rs. 1,484.60. It touched the intra-day high of Rs. 1,505 till the trading. (At 11.18 AM today).
Cardamom prices extended gains, rising for the second day on Friday at the Multi Commodity Exchange (MCX) as a result of the restricted arrivals from producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for July 2012 contract were trading at Rs. 1,490 per kg, up by 0.36 per cent, after opening at Rs. 1,498.90 against the previous closing price of Rs. 1,484.60. It touched the intra-day high of Rs. 1,505 till the trading. (At 11.18 AM today).
Moreover, prices also rose as traders increased their positions tracking a pick up in the demand for the commodity in the midst of low arrivals.
Important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
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.
Important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
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.
Dion Global Solutions Ltd
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