MCX Cardamom likely to go up: 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 217 38602.9 38231.8 810 535.61
Mon Idukki Dist. Traditional Cardamom Producer Company Ltd 236 47023.5 46716 884 569.77
Tue South Indian Green Cardamom Company Ltd, Kochi 317 65196.1 65196.1 1110 563.93
Tue Header Systems (India) Limited, Nedumkandam 338 78187 77907 889 556.39

Maximum price for the spice was quoted at Rs. 1110/ kg on Tuesday.

MCX Cardamom Apr contract opened and traded on a positive note on Tuesday.

India Futures Scenario

MCX Futures ( Apr contract, INR)
Day Open High Low Close
Mon 732 742.00 728.50 739.1
Tue 739 743.5 734 736.1

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 0
Tue 0 0 0 0 660 2

Spot Pepper prices rose to Rs 660/kg on Tuesday.

No trade executed in NMCE Pepper on Tuesday.

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