COMMODITY TIPS | Cardamom prices fell by 0.68 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for January 2016 agreement were trading at Rs. 734.80 per kg, down by 0.68 per cent, after opening at Rs. 732 against the previous closing price of Rs. 739.80. It touched the intra-day low of Rs. 731.60 till the trading. Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued requirement for the commodity.
Kerala (70%), Karnataka (20%) and Tamil Nadu (10%) are the cardamom growing states in India while about 90% of the produce is consumed within the nation. The substantial markets for cardamom in India are Kumily, Kumbum, Vandanmendu, Bodinayakanur, Thekkady and Pattiveeran Patti in Kerala.
Kerala (70%), Karnataka (20%) and Tamil Nadu (10%) are the cardamom growing states in India while about 90% of the produce is consumed within the nation. The substantial markets for cardamom in India are Kumily, Kumbum, Vandanmendu, Bodinayakanur, Thekkady and Pattiveeran Patti in Kerala.
No comments:
Post a Comment