MCX Cardamom likely to range from 1020 to 1080: COIL

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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 Cardamom Planters’ Association, Santhanpara 279 50647 49964 1076 902.78
Tue South Indian Green Cardamom Company Ltd, Kochi 370 80238 78713 1164 927.85
Wed Sugandhagiri Spices Promoters & Traders Pvt Ltd. 102 17561 15432 1097 904.98
Wed Vandanmedu Green Gold Cardamom Producer Co Ltd. 177 30964 30692 1143 896.25

Maximum price for the spice was quoted at Rs. 1143 per kg on Wednesday.

MCX Cardamom Feb contract traded down on selling pressure from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 1020-1080 and either side break out will give clear direction to the price.

India Futures Scenario

MCX Futures ( Feb contract, INR)
Day Open High Low Close
Mon 1180 1180 1170 1180
Tue 1084 1100 1065 1068
Wed 1060 1080.9 1041.5 1041.5

 

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 640 620 11 11 625 1
Tue 640 620 37 37 630 2
Wed 0 0 0 0 630 2

Spot pepper prices unchanged at Rs 630/kg on Wednesday.

No trade executed in NMCE pepper on Wednesday.

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