EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 30 November 2016

Cardamom trading range for the day is 1322.1-1437.1. Cardamom prices dropped on profit booking driven by easing demand in the spot market. Last week, around 50 per cent of the arrivals were picked up by exporters and the rest was absorbed by domestic dealers. Due to the failure of both the South-West and the North-East monsoons, arrivals are likely to shrink further in the coming days. Cardamom prices in spot market gained by 2.70 rupees and settled at 1375.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300