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Cardamom Futures December Contract Hit Upper Circuit Level

Cardamom December future market up by 2.97% (High – 1361/-Kgs) on Wednesday. Current year picking activity reported delay by 1 month due to drought condition earlier. We expect Cardamom prices likely to move upside in coming days.

Domestic buyers reported active in the spot market. They mainly bought good colour 7.5 mm and 8 mm bold capsules in the spot market.

Lower production expectation support Cardamom prices. As per estimate (First Advance) for 2016-17 Cardamom production likely to around 20,000 MT compared to last year 28,000 MTREAD MORE

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