Cardamom futures edged lower at the Multi Commodity Exchange (MCX) as speculators booked profits at existing higher levels. Further, lower demand in the spot market fueled the downtrend. At MCX, Cardamom futures for May 2015 contract were trading at Rs 866 per kg, down by 2.49 per cent, after opening at Rs. 866 against the previous closing price of Rs. 888.10. It touched the intra-day low of Rs. 866 till the trading. (At 10.35 AM today). Traders said offloading of positions by participants owing to a weak trend at spot market on subdued demand, mainly put pressure on cardamom prices at futures trade. Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
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