Cardamom futures rise 1.85% on tight stocks 08/05/2015

Cardamom futures rise 1.85% on tight stocks

08/05/2015 10:43

Supported by pickup in demand in the spot markets, cardamom prices were up by 1.85 per cent to Rs 879 per kg in futures market today as trader’s enlarged positions. Further, tight stocks position in the physical market on restricted supplies from producing belts fueled the uptrend. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 879 per kg, up by 1.85 per cent, after opening at Rs. 879 against the previous closing price of Rs. 863. It touched the intra-day low of Rs. 879 till the trading. (At 10.40 AM today). Traders said speculators enlarged positions following pickup in demand in the spot market mainly led to the rise in cardamom prices at futures trade. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

Good buying support lifts Cardamom futures 29/10/2014

Good buying support lifts Cardamom futures
29/10/2014 11:01
Cardamom prices rose by 0.11 per cent on Wednesday 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 November 2014 contract were trading at Rs 852.20 per kg, up by 0.11 per cent, after opening at Rs. 852.20 against the previous closing price of Rs. 851.30. It touched the intra-day high of Rs. 855.80 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. 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

Adequate stocks availability drag down Cardamom futures 23/09/2014

Adequate stocks availability drag down Cardamom futures
23/09/2014 10:56
Cardamom prices fell by 0.55 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 October 2014 contract were trading at Rs. 880.30 per kg, down by 0.55 per cent, after opening at Rs. 887.50 against the previous closing price of Rs. 885.20. It touched the intra-day low of Rs. 878.10 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. 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.