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MCX stands for Multi commodity Exchange which is an independent commodity exchange based in India. It was inaugurate in 2003 and is based in Mumbai. It is India's biggest commodity futures exchange
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Higher arrivals from the new crop and last years carryover stocks market at the auction centers pull down the prices of MCX cardamom during the week. Highest arrivals in the range of 77 mt to 70 mt were reported at major auctions. However, reports of robust export data cushioned the rate some extent. The small MCX cardamom exports up by 218% to 590 tonnes and the value surged by 176% to Rs. 5,819.12 lakh. MCX Cardamom ended the week down 4% at Rs. 845.40 per 1 kg.
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