MCX Cardamom likely to trade on down trend

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Cardamom

Auction Summary (All prices in Indian Rupee and all weights in kg)

Day Auctioneer Lots Qty Arrived (Kgs) Qty Sold

(kgs)

Max Price/kg Avg Price/kg
Mon
Tue South Indian Green Cardamom Company Ltd, Kochi 333 73390 72292 1236 916.07
Wed SUGANDHAGIRI SPICES PROMOTERS&TRADERS Pvt Ltd 66 13249 13249 1054 893.95

Maximum price for the spice was quoted at Rs. 1056 per kg on Wednesday.

MCX Cardamom February contract traded down on selling pressure by traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 1038-1048 and either side break out will give clear direction to the prices.

India Futures Scenario

MCX Futures ( Feb contract, INR)
Day Open High Low Close
Mon
Tue 1021.3 1056.8 1013.3 1049
Wed 1062.5 1067 1035.6 1039

Pepper

Spot Update Current Week

Kochi IPSTA Idukki Spot Update
Day Garbled (Rs per kg.) Ungarbled (Rs per kg) Arrivals (tons) Off-take (tons) Spot (Rs.) Arrivals

(tons)

Mon
Tue
Wed 0 0 0 0 630 2

Spot pepper advanced at Rs 630/kg on Wednesday.

No trade executed in NMCE pepper on Wednesday.

– Commodity Online

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