MCX Cardamom prices June contract may firm trend; pepper advanced

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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
Sat Green House Cardamom Mktg.India Pvt. Ltd 238 31671 30712 834 642.87
Sat Mas Enterprises, Vandanmettu 294 57714 56387 923 663.16
Mon Idukki Dist. Traditional Cardamom Producer Company Ltd. 110 14799 14321 887 663.35
Tue South Indian Green Cardamom Company Ltd, Kochi 291 57417 56825 937 684.54
Tue Header Systems (India) Limited, Nedumkandam 294 60800 60725 863 658.14
Wed Vandanmedu Green Gold Cardamom Producer Co Ltd. 147 26466 25720 893 641.8
Wed Sugandhagiri Spices Promoters & Traders Pvt Ltd. 243 42177 41228 972 656.34
Thu The Cardamom planters marketing Co-Operative Society Limited 253 58530 58422 943 642.23

Maximum price for the spice was quoted at Rs. 943 per kg on Thursday.

Cardamom prices at MCX June contract traded firm due to short covering from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 805-820 and either side break out will give clear direction to the prices.

India Futures Scenario

MCX Futures ( Jun contract, INR)
Day Open High Low Close
Mon 837.9 838.8 802 811
Tue 808 820.8 802 818
Wed 820 823.9 802.5 804.5
Thu 800.1 815 797.7 813.6

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 0 0 0 0 620 5
Tue 0 0 0 0 620 5
Wed 0 0 0 0 620 2
Thu 0 0 0 0 625 5

Spot pepper prices advanced at Rs 625 per kg on Thursday.

No trade executed in NMCE Pepper on Thursday.

– Commodity Online

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