- Cardamom prices fell on Wednesday 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.
- Cardamom is Bearish for short term and sideways for intra day. Support for short term is seen at 810 and resistance 940. Intra day support is seen at 882 resistance at 896.
Cardamom falls by 0.9% on sluggish demand
- Cardamom futures fell by 0.91% to Rs 886.20 per kg today, as traders reduced their holdings amid sluggish spot demand.
- At the Multi Commodity Exchange, cardamom for January 2015 contract declined by Rs 8.20, or 0.91%, to Rs 886.20 per kg with a business turnover of 264 lots.
- The spice for delivery in February fell by Rs 4.60, or 0.49%, to Rs 917 per kg with a trading volume of 57 lots.
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