Cardamom futures are likely to remain buoyant in the coming days on the heels of strong demand by stockiest and exporters along with inferior quality of cardamom supplies in the local mandies. The MCX futures to test Rs 1460-1475 per kg in the short term.
Traders mentioned that strong demand of stockiest and exporters in the local mandies due to seasonal buying and poor carryover stocks incite strong gains in cardamom market. Moreover , inferior quality of cardamom supplies in domestic market due to erratic monsoon might also witness strong gains in cardamom market .
Therefore , poor supplies along with strong demand might enable the prices to scale Rs 1460-1475 per kg in the near term.
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