MCX Cardamom extends downside; trend likely to continue; Pepper prices fell

0
506

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
Fri State trading Corporation 60 11574.3 10934.7 814 581.95
Fri Cardamom Growers Federation 472 97332.7 94299.1 900.5 587.75
Sat Mas Enterprises, Vandanmettu 431 98231.3 91011.7 920 586.87
Sat Green House Cardamom Mktg.India Pvt. Ltd 94 20578 18136.8 900 667.54
Mon Cardamom Planters’ Association, Santhanpara 212 45260.3 42864.5 692 570
Mon Idukki Dist Traditional Cardamom Producer Company Ltd 260 56653.3 56653.3 916 624.34

Maximum price for the spice was quoted at Rs. 916 per kg on Monday.

Cardamom prices at MCX Dec contract continued downtrend as traders continued to be on seller side. Traders are expecting further decline in coming sessions. Trading range for next trading session is seen between 645-600 and breaking that might trade lower.

India Futures Scenario

MCX Futures ( Dec contract, INR)
Day Open High Low Close
Mon 650 650 627.7 627.7

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 0 650 2

Spot Pepper prices fell to Rs. 650/kg on Monday.

No trade executed in NMCE Pepper on Monday.

LEAVE A REPLY

Please enter your comment!
Please enter your name here