MCX Cardamom likely to trade in 680-645 range: 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
Sat Green House Cardamom Mktg.India Pvt. Ltd 152 27406.3 24900.4 950 585.41
Sat Mas Enterprises, Vandanmettu 415 92743.2 80242.1 899 568.8
Mon Cardamom Planters’ Association, Santhanpara 293 56418.2 52650.7 827 521.58
Mon Iduki Dist. Traditional Cardamom Producer Company Ltd 256 50761.6 49337 864 555.42
Tue South Indian Green Cardamom Company Ltd, Kochi 374 92192 85857.6 894 554.78
Tue Header Systems (India) Limited, Nedumkandam 304 67541.5 65347.8 954 547.15
Wed Vandanmedu Green Gold Cardamom Producer Co Ltd 248 47355.6 44642.7 802 551.95
Thu The Cardamom Processing & Marketing Co-Operative Society Ltd, Kumily 318 89244.4 88545.6 889 567.71
Thu The Kerala Cardamom Processing and Marketing Company Limited, Thekkady 300 72931.2 72931.2 982 551
Fri State Trading Corporation 187 34494.9 33143.5 837 533.51
Fri Ccardamom Growers Federation 232 53209.9 51904 857 542.1

Maximum price for the spice was quoted at Rs. 982/ kg on Thursday.

MCX Cardamom Mar contract opened positive and traded negative thereafter. It likely to trade higher as short covering seen by traders in previous trading session. Traders can wait for higher levels to short as overall trend is bearish. Cardamom futures trading session is seen between 680-645 and breaking that might trade higher in coming session.

India Futures Scenario

MCX Futures ( Mar contract, INR)
Day Open High Low Close
Mon 684.9 689.4 671.5 674
Tue 674 680 665 669
Wed 668 677 654.5 659
Thu 655 671.8 654.9 670
Fri 673.8 673.8 658.1 660.3

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 0 640 2
Tue 0 0 0 0 640 5
Wed 0 0 0 0 640 2
Thu 0 0 0 0 630 5
Fri 0 0 0 0 640 5

Spot Pepper prices rose to Rs 640/kg on Friday.

No trade executed in NMCE Pepper on Friday.

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