EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 24 November 2016

Cardamom trading range for the day is 1271.4-1327.4. Cardamom prices ended with gains on short covering despite traders remained on the sidelines Prices gained recently after the update that India’s production is likely to fall by 30-40% in 2016-17 due to unfavourable weather conditions. Farmers did not want to sell fearing delayed receipt of sale proceeds while the buyers were not enthusiastic to buy for want of sufficient funds. Cardamom prices in spot market dropped by 12.70 rupees and settled at 1335.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300