Tuesday, 5 April 2016

Live cardamom Market Update

Cardamom prices rose by 1.74 per cent on Tuesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. 

At MCX, Cardamom futures for April 2016 contract were trading at Rs 679 per kg, up by 1.74 per cent, after opening at Rs. 681.60 against the previous closing price of Rs. 667.40. It touched the intra-day high of Rs. 684 till the trading. 

(At 10.45 AM today). Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh. 

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  1. Epic Research recommends Cardamom prices ended with losses on profit booking after prices gained on account of good buying support.

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