Cardamom futures extended the weak trend Lead by lack of cues from the spot markets.
Trading activities were limited in the spot markets due to the on going agitation of the Mullaperiyar dam in the Idukki district.
The arrivals in the market dropped down in Kerala due to unavailability of laborers for the harvesting activities. Reports of rainfall in major growing areas are also likely to weigh on the trend.
The overall outlook is, however, bearish due to high output estimates for 2011-12.
According to trade sources, Cardamom production in India is estimated to be 15000 tonnes and Guatemala productions are expected to be near 25000 tonnes.
Courtesy: Geojit Comtrade Limited
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