EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 24 October 2016

Cardamom trading range for the day is 1158.6-1198.4. Cardamom prices settled unchanged driven by easing demand in the spot market. The dry spell, prevailing in the growing regions of Idukki district, where 75 per cent of the cardamom is grown, is signalling of a further drop in the crop. Weather conditions continued to remain unfavourable as the region was not receiving the usual rainfall, growers in Idukki said. Cardamom prices in spot market gained by 5.00 rupees and settled at 1146.70 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300