For Quick Alerts
For Daily Alerts

    Cardamom falls by 0.18% on profit booking

    By Religare

    Cardamom prices fell by 0.18 per cent on Monday at the domestic markets at the Multi Commodity Exchange (MCX) as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. At MCX, Cardamom futures for October 2012 contract were trading at Rs. 997.70 per kg, down by 0.18 per cent, after opening at Rs. 991.80 against the previous closing price of Rs. 990.30. It touched the intra-day low of Rs. 986 till the trading. (At 11.08 AM today).


    Sentiment weakened further due to the adequate stocks availability in the physical market due to higher supply 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.

    Read more about: bse nse
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more