MCX CARDEMOM SLIPPED AT 0.92%

• Cardamom futures were trading down at the Multi Commodity Exchange (MCX) on Monday. Cardamom December contract slipped 0.92% to Rs. 767 per kg on Monday at MCX.
• Cardamom is Bearish for short term and intra day. Support for short term is seen at 720 and resistance 830. Intra day support is seen at 770 resistance at 785, Milan Shah added.
• cardamom output is estimated to be 20000 tonnes against 22000 tonnes a year ago, and against a forecast of 14000-15000 tonnes made in June.
• According to the government's third advance estimate, all India cardamom output is around 21000 tonnes in 2013-14 against 18000 tonnes the year before.
• 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.