LATTEST CS AGRI NEWS UPDATE MCX CARDAMOM-23 DEC 2014

Cardamom down 0.4% on profit-booking

• Cardamom prices softened by 0.37% to Rs 922.70 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.
• At the Multi Commodity Exchange,cardamom for delivery in January next year declined by Rs 3.40, or 0.37% to Rs 922.70 per kg in business turnover of 174 lots.
• Spice for delivery in February traded lower by Rs 3.50, or 0.37% to Rs 951.60 per kg in 12 lots.

Cradamom futures continue to be bearish

• Cardamom is Bearish for short term and sideways for intra day. Support for short term is seen at 850 and resistance 960. Intra day support is seen at 902 resistance at 927.