Cardamom prices rose by 2.93 per cent on Thursday early morning market 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. Further, restricted supply from major producing belt added to the rise in price.
At MCX, Cardamom futures for May 2016 contract were trading at Rs 833 per kg, up by 2.93 per cent, after opening at Rs. 833 against the previous closing price of Rs. 809.30. It touched the intra-day high of Rs. 833 till the trading.The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
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