Cardamom small: expected to decline - 18 May, 2016

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Cardamom small semi bold firm at the previous level of Rs 625. Recently, it has experienced a hike of Rs 20/25. The active contract on the MCX rose by 0.32 or Rs 2.60 to Rs 818. While it average auction price declined to Rs 695.29 from Rs 708 due to slow buying from stockists despite declining the arrivals to 31292 kilogram in the South Indian Green Cardamom, Kochi Auction. Cardamom small is expected to decline marginally in the next 1-2 days.

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