CARDAMOM CLIMBS BY 2.1% ON SPOT DEMAND

• Cardamom price spurted by 2.13% to Rs 823.20 per kg in futures trade today as speculators indulged in creating fresh positions amid a firm trend at spot market on strong demand.
• Cardamom futures gained on Tuesday 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 the Multi Commodity Exchange, cardamom for delivery in December shot up by Rs 17.20, or 2.13%, to Rs 823.20 per kg in a business turnover of 614 lots.
• Cardamom is Bearish for short term and bullish for intra day. Support for short term is seen at 770 and resistance 850. Intra day support is seen at 810 resistance at 825.
• Cardamom December contract rose 1.49% to Rs. 818 per kg on Tuesday  at MCX.
• Similarly, the spice for delivery in January next year moved up by Rs 4.60, or 0.54%, to Rs 862 per kg in 291 lots.