EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 06 DECEMBER 2016

Cardamom trading range for the day is 1328.7-1412.7. Cardamom dropped on late profit booking after prices gained driven by strong domestic as well as export demand in the spot market. 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. 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. Cardamom prices in spot market dropped by 3.80 rupees and settled at 1346.20 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300