MCX Cardamom likely to trade in 835-852 range; pepper declined

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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 207 23925 23465 852 636.63
Sat Mas Enterprises, Vandanmettu 265 47173 45341 942 658.64
Mon Idukki Dist. Traditional Cardamom Producer Company ltd. 179 28531 28531 990 651.23
Mon Cardamom Planters’ Association, Santhanpara 147 18073 16534 803 631.3
Tue South Indian Green Cardamom Company Ltd, Kochi 282 50793 50311 1001 640.74
Tue Header Systems (India) Limited, Nedumkandam 292 52603 51057 998 639.11

Maximum price for the spice was quoted at Rs. 1001 per kg on Tuesday.

Cardamom prices at MCX July contract traded with firm sentiments due to buying support from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 835-852 and either side break out will give clear direction to the prices.

India Futures Scenario

 

MCX Futures ( Jul contract, INR)
Day Open High Low Close
Mon 820.2 832 816.1 824
Tue 820 845 820 845

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 0 660 5
Tue 0 0 0 0 650 2

Spot pepper prices declined to Rs. 650 per kg on Tuesday.

No trade executed in NMCE Pepper on Tuesday.

-Commodity Online

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