Cardamom on MCX settled up by 1.54% at 1011.5 as there is good demand from exporters though output is estimated to be better than earlier estimates due to favorable weather. Arrivals are improving day by day in the auction centres but sustained buying by exporters is proving support to prices. Exporters are likely to remain in the market till the commencement of new crop supplies in Guatemala, the only other producing country and India's main competitor in the global market.
Trading Ideas:
* Cardamom trading range for the day is 978.5-1032.5.
* Cardamom prices gained as there is good demand from exporters though output is estimated to be better than earlier estimates.
* Arrivals are improving day by day in the auction centres but sustained buying by exporters is proving support to prices.
* Exporters are likely to remain in the market till the commencement of new crop supplies in Guatemala.
* Cardamom prices in spot market dropped by 15.00 rupees and settled at 1000.00 rupees.
No comments:
Post a Comment