EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 28 November 2016

Cardamom trading range for the day is 1349.8-1425.8. Cardamom prices gained tracking firmness in spot demand due to lower production expectation. Prices also seen supported due to banned currency by Govt. auction not happened regularly in the center. As per sources estimate (First Advance) for 2016-17 Cardamom production likely to around 20,000 MT compared to last year 28,000 MT. Cardamom prices in spot market dropped by 3.90 rupees and settled at 1354.20 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300