EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 11 November 2016

Cardamom trading range for the day is 1308.2-1431.8. Cardamom prices gained on account of poor production caused by prolonged dry weather condition in Kerala. India’s production is likely to fall by 30-40% in 2016-17 due to unfavourable weather conditions. Prolonged dry weather occurred in the Idukki district, which has severely affected yield of the crop, which was in the flowering stage at that point of time. Cardamom prices in spot market gained by 38.60 rupees and settled at 1359.10 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300