Cardamom rises on high demand, limited arrivals

Published on Friday, April 26, 2013 12:34 PM | Source: Dion Global Solutions Lt


Cardamom prices rose by 0.57 per cent on Friday at the domestic markets as a result of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for May 2013 contract were trading at Rs. 775.90 per kg, up by 0.57 per cent, after opening at Rs. 772.90 against the previous closing price of Rs. 771.50. It touched the intra-day high of Rs. 777.70 till the trading. (At 11.07 AM today).


Prices also fell on account of a firm demand in the market against restricted 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. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

http://www.investmentguruindia.com/Commodities/cardamom-rises-on-high-demand-limited-arrivals